Regulation 19 Supplementary provisions

Regulations 7 to 12 apply to registration as an account information service provider as they apply to authorisation as a payment institution, but as if—

(a)

references to authorisation were references to registration;

(b)

in regulation 7 (imposition of requirements), paragraph (4) were omitted;

(c)

in regulation 8 (variation at request of authorised payment institution)—

(i)

for “an authorised payment institution” there were substituted “ registered account information service provider ”;

(ii)

paragraphs (a) and (b) were omitted; and

(iii)

for “provided that” to the end there were substituted “ provided that the conditions set out in regulation 18(3) and (4) are being or are likely to be met. ”;

(d)

in regulation 10(1) (cancellation of authorisation) for sub-paragraph (e) there were substituted—

“(e)
the person does not meet, or is unlikely to meet, the conditions set out in regulation 18(3) and (4);”; and

(e)

in regulation 12(1) (variation of authorisation on FCA's own initiative) for sub-paragraph (a) there were substituted—

“(a)
the person does not meet, or is unlikely to meet, the conditions set out in regulation 18(3) and (4);”.

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)