{
  "url": "https://openlegislation.uk/payment-services-regulations-2017/schedule-3A/paragraph-2",
  "json_url": "https://openlegislation.uk/payment-services-regulations-2017/schedule-3A/paragraph-2.json",
  "legislation": "uksi/2017/752",
  "legislation_title": "The Payment Services Regulations 2017",
  "legislation_url": "https://openlegislation.uk/payment-services-regulations-2017",
  "path": "schedule/3A/paragraph/2",
  "kind": "paragraph",
  "number": "2",
  "heading": "Insolvency regulations",
  "text": "Section 233 of the Banking Act 2009 (insolvency regulations) applies as if—\n(a) references to investment bank insolvency regulations were to payment institution insolvency regulations;\n(b) references to investment banks were to authorised payment institutions and small payment institutions;\n(c) references to client assets were to relevant funds;\n(d) in subsection (3)(c), the reference to clients were to payment service users; and\n(e) in subsection (4)—\n(i) references to assets included references to money; and\n(ii) in paragraph (b), for “those which an institution undertook to hold for clients” there were substituted “relevant funds”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Sch. 3A inserted (8.12.2020) by The Payment Services and Electronic Money (Amendment) Regulations 2020 (S.I. 2020/1275), regs. 1(2), 7"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2017/752/schedule/3A/paragraph/2",
    "retrieved_at": "2026-10-28T23:09:36.065342+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}