Article 4 Amendment of Article 3

In Article 3(d) omit the sub-paragraphs after sub-paragraph (xii) and insert—

“(xiii)

to refuse an application for registration as an authorised electronic money institution or a small electronic money institution under the Electronic Money Regulations 2011,

(xiv)

to vary or cancel such registration (or to refuse to vary or cancel such registration) or to impose a requirement under regulation 7 of those regulations,

(xv)

to refuse an application for registration as an authorised payment institution or a small payment institution under the Payment Services Regulations 2009,

(xvi)

to vary or cancel such registration (or to refuse to vary or cancel such registration) or to impose a requirement under regulation 7 of those Regulations,

(xvii)

in a case requiring any decision referred to in sub-paragraphs (i) to (xvi), where the FCA, the PRA or the Bank of England has the function of deciding whether to give consent or conditional consent in relation to the decision which is proposed in that case, to give or refuse to give consent or to give conditional consent, or

(xviii)

in a case requiring any decision referred to in sub-paragraphs (i) to (xvi), where the FCA, the PRA or the Bank of England has the power under the 2000 Act to direct another regulator as to the decision to be taken in that case, to decide whether to give a direction and, if a direction is to be given, what direction to give,”.