Section 108 Relationship with Part 8 of the Payment Services Regulations 2017F4I1
United Kingdom
The Payment Systems Regulator may not exercise any power under F1sections 54 to 58 for the purposes of enabling a F2person to obtain or maintain access to, or participation in, a payment system in circumstances in which regulation 103 (prohibition on restrictive rules on access to payment systems) or 104 (indirect access to designated payment systems) of the Payment Services Regulations 2017 applies in relation to access to, or participation in, the payment system by the person.
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Annotations
Textual amendments
- F1
Words in s. 108(1) substituted (26.5.2015) by Small Business, Enterprise and Employment Act 2015 (c. 26), ss. 14(5)(a), 164(3)(a)(v)
- F2
Words in s. 108(1) substituted (13.1.2018) by The Payment Services Regulations 2017 (S.I. 2017/752), reg. 1(6), Sch. 8 para. 4(b) (with reg. 3)
- F3
S. 108(2) omitted (13.1.2018) by virtue of The Payment Services Regulations 2017 (S.I. 2017/752), reg. 1(6), Sch. 8 para. 4(c) (with reg. 3)
- F4
Word in s. 108 heading substituted (13.1.2018) by The Payment Services Regulations 2017 (S.I. 2017/752), reg. 1(6), Sch. 8 para. 4(a) (with reg. 3)
Commencement
- I1
S. 108 in force at 1.3.2014 by S.I. 2014/377, art. 2(1)(a), Sch. Pt. 1