Paragraph 1 Insolvency regulationsF1
Section 93(4) of the Banking Act 2009 (interpretation: other expressions) applies as if—
(a)
the reference to a bank were to an authorised payment institution or small payment institution;
(b)
the reference to an agreement in paragraph (a) were to a contract for payment services; and
(c)
in the closing words, from “for the purposes” to “the bank” were omitted.
Annotations
Textual amendments
- F1
Sch. 3A inserted (8.12.2020) by The Payment Services and Electronic Money (Amendment) Regulations 2020 (S.I. 2020/1275), regs. 1(2), 7
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)