OpenLegislation

Article 1 Subject matter and scope

United Kingdom

Original text. Later amendments are not shown.

F11.

This Regulation lays down rules on cross-border payments and on the transparency of currency conversion charges within the F2United Kingdom.

2.

F3...

F4This Regulation shall apply to national and cross-border payments that are denominated in euro, sterling or in a national currency of a Member State of the European Union other than the euro and that involve a currency conversion service.

F5(2A.)

In respect of cross-border payments, this Regulation applies only to those parts of a payment transaction which are carried out in the United Kingdom.

3.

This Regulation shall not apply to payments made by payment service providers for their own account or on behalf of other payment service providers.

F64.

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Annotations

Textual amendments

F1

Substituted by Regulation (EU) 2019/518 of the European Parliament and of the Council of 19 March 2019 amending Regulation (EC) No 924/2009 as regards certain charges on cross-border payments in the Union and currency conversion charges (Text with EEA relevance).

F2

Words in Art. 1(1) substituted (31.12.2020) by The Securities Financing Transactions, Securitisation and Miscellaneous Amendments (EU Exit) Regulations 2020 (S.I. 2020/1385), regs. 1(3), 72(2)(a)

F3

Words in Art. 1(2) omitted (31.12.2020) by virtue of The Securities Financing Transactions, Securitisation and Miscellaneous Amendments (EU Exit) Regulations 2020 (S.I. 2020/1385), regs. 1(3), 72(2)(b)(i)

F4

Words in Art. 1(2) substituted (31.12.2020) by The Securities Financing Transactions, Securitisation and Miscellaneous Amendments (EU Exit) Regulations 2020 (S.I. 2020/1385), regs. 1(3), 72(2)(b)(ii)

F5

Art. 1(2A) inserted (31.12.2020) by The Securities Financing Transactions, Securitisation and Miscellaneous Amendments (EU Exit) Regulations 2020 (S.I. 2020/1385), regs. 1(3), 72(2)(c)

F6

Art. 1(4) omitted (31.12.2020) by virtue of The Securities Financing Transactions, Securitisation and Miscellaneous Amendments (EU Exit) Regulations 2020 (S.I. 2020/1385), regs. 1(3), 72(2)(d)