Paragraph 27 Amendment of the Payment Accounts Regulations 2015

In the Payment Accounts Regulations 2015^f1—

(a)

in regulation 2(1) (interpretation)—

(i)

omit the definition of “Money Advice Service”,

(ii)

at the appropriate place insert—

““Money and Pensions Service” means the body established under section 1 of the Financial Guidance and Claims Act 2018;”;

(b)

in regulation 12 (the comparisons website) for “Money Advice Service” in both places it occurs, substitute “Money and Pensions Service”;

(c)

in regulation 27(1) (general information on payment accounts with basic features) for “Money Advice Service” substitute “Money and Pensions Service”;

(d)

in regulation 43(1)(b) (evaluation) for “Money Advice Service” substitute “Money and Pensions Service”.

Annotations

f1: S.I. 2015/2038, to which there are amendments not relevant to these Regulations.