Paragraph 72 I1I2

in subsection (1), the words from “a contravention” to the end become sub-paragraph (a), and

after that paragraph insert

“or

(b)

a contravention of a requirement imposed by or under section 312R of the 2000 Act by an authorised payment institution, small payment institution, or registered account information services provider.”;

for subsection (2) substitute—

“(2)

“Relevant person” means—

(a)

in relation to subsection (1)(a), any person responsible for the management of the payment service provider or, where relevant, any person responsible for the management of the payment service provider’s payment services activities, or

(b)

in relation to subsection (1)(b), any person responsible for the management of the authorised payment institution, small payment institution, or registered account information services provider or, where relevant, any person responsible for the management of the authorised payment institution’s, small payment institution’s, or registered account information services provider’s payment services activities.”;