Regulation 102 Application of regulation 103
(1)
Regulation 103 does not apply to the following kinds of payment systems—
(a)
a designated system;
(b)
a payment system consisting solely of payment service providers belonging to the same group.
Notes on the whole SI
Textual amendments
- F1
Regulations revoked (14.12.2023 for the revocation of reg. 158) by Financial Services and Markets Act 2023 (c. 29), s. 86(3), Sch. 1 Pt. 2 (with s. 1(4)); S.I. 2023/1382, reg. 2(c)(xix)