Regulation 2 Amendments to the Platform Operators (Due Diligence and Reporting Requirements) Regulations 2023

(1)

The Platform Operators (Due Diligence and Reporting Requirements) Regulations 2023^f1 are amended as follows.

(2)

In regulation 2 (interpretation), omit paragraph (4)(g).

(3)

In regulation 4 (reporting of information)—

(a)

in paragraph (5)(a)(ii), at the beginning insert “subject to paragraph (5A),”, and

(b)

after paragraph (5) insert—

“(5A)

Where the condition in paragraph (5)(a)(ii) is met, the exemption from making a report in paragraph (5) does not apply if under section II(D)(1) of the model rules the reporting platform operator must consider the reportable seller resident in the United Kingdom.”.

(4)

Omit regulation 10 (excluded sellers: proportional reduction of thresholds).

(5)

In Schedule 1 (defined terms), omit the definition of “excluded seller”.

Annotations

Footnotes

f1: S.I. 2023/817.