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The Electronic Money, Payment Services and Payment Systems (Amendment and Transitional Provisions) (EU Exit) Regulations 2018

S.I. 2018/1201 · Made 19 November 2018 · Extends to United Kingdom

Not fully up to date. 1 change made by later legislation has not yet been written into this text, which is revised to 11 July 2023.

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ProvisionChangeMade by
RegulationsrevokedFinancial Services and Markets Act 2023 Sch. 1 Pt. 2

Exiting The European Union

Financial Services And Markets

Made 19th November 2018

Coming into force in accordance with regulation 1(2) and (3)

M1The Treasury make these Regulations in exercise of the powers conferred by section 8(1) of the European Union (Withdrawal) Act 2018 .

In accordance with paragraph 1(1) of Schedule 7 to that Act a draft of this instrument has been laid before Parliament and approved by a resolution of each House of Parliament.C1

Annotations to the whole text

Marginal citations

M1

2018 c. 16.

Modifications

C1

Regulations: power to modify conferred (11.7.2023) by Financial Services and Markets Act 2023 (c. 29), ss. 3, 86(3), Sch. 1 Pt. 2; S.I. 2023/779, reg. 2(d)

Contents

  1. 1Citation and commencement
  2. 2Amendments of primary legislation
  3. 3Amendments of subordinate legislation and related transitional provisions
  4. 4Saving provision relating to tax
  5. Signature
  6. Schedule 1: Amendments of primary legislation
  7. 1Paragraph 1
  8. 2Paragraph 2
  9. Schedule 2: Amendments of subordinate legislation
  10. Part 1: Amendments of Electronic Money Regulations 2011
  11. 1Paragraph 1
  12. 2Paragraph 2
  13. 3Paragraph 3
  14. 4Paragraph 4
  15. 5Paragraph 5
  16. 6Paragraph 6
  17. 7Paragraph 7
  18. 8Paragraph 8
  19. 9Paragraph 9
  20. 10Paragraph 10
  21. 11Paragraph 11
  22. 12Paragraph 12
  23. 13Paragraph 13
  24. 14Paragraph 14
  25. 15Paragraph 15
  26. 16Paragraph 16
  27. 17Paragraph 17
  28. 18Paragraph 18
  29. 19Paragraph 19
  30. 20Paragraph 20
  31. 21Paragraph 21
  32. 22Paragraph 22
  33. Part 2: Amendments of Payment Services Regulations 2017
  34. 23Paragraph 23
  35. 24Paragraph 24
  36. 25Paragraph 25
  37. 26Paragraph 26
  38. 27Paragraph 27
  39. 28Paragraph 28
  40. 29Paragraph 29
  41. 30Paragraph 30
  42. 31Paragraph 31
  43. 32Paragraph 32
  44. 33Paragraph 33
  45. 34Paragraph 34
  46. 35Paragraph 35
  47. 36Paragraph 36
  48. 37Paragraph 37
  49. 38Paragraph 38
  50. 39Paragraph 39
  51. 40Paragraph 40
  52. 41Paragraph 41
  53. 42Paragraph 42
  54. 43Paragraph 43
  55. 44Paragraph 44
  56. 45Paragraph 45
  57. 46Paragraph 46
  58. 47Paragraph 47
  59. 48Paragraph 48
  60. 49Paragraph 49
  61. 50Paragraph 50
  62. 51Paragraph 51
  63. 52Paragraph 52
  64. 53Paragraph 53
  65. 54Paragraph 54
  66. 55Paragraph 55
  67. 56Paragraph 56
  68. 57Paragraph 57
  69. 58Paragraph 58
  70. 59Paragraph 59
  71. 60Paragraph 60
  72. 61Paragraph 61
  73. 62Paragraph 62
  74. 63Paragraph 63
  75. 64Paragraph 64
  76. 65Paragraph 65
  77. 66Paragraph 66
  78. 67Paragraph 67
  79. 68Paragraph 68
  80. 69Paragraph 69
  81. 70Paragraph 70
  82. 71Paragraph 71
  83. 72Paragraph 72
  84. 73Paragraph 73
  85. Schedule 3: Transitional Provisions
  86. Part 1: Transitional provisions relating to Electronic Money Regulations 2011
  87. 1Interpretation
  88. 2Transitional authorisation for EEA authorised electronic money institutions
  89. 3Requirements to be met by notification
  90. 4Registration of agents
  91. 5Requirements imposed by FCA
  92. 6Duties of person relying on transitional authorisation
  93. 7Exclusion of certain provisions of Electronic Money Regulations 2011
  94. 8Power of FCA to cancel transitional authorisation
  95. 9Notice of intention
  96. 10Transition period
  97. 11Power to extend period specified in paragraph 10(3)
  98. 12Directions
  99. Part 1A: Continuation of authorisation for limited purposes: Electronic Money Regulations 2011
  100. 12AInterpretation
  101. 12BContinued authorisation for limited purposes
  102. 12CDuty to notify FCA
  103. 12DAgents
  104. 12EPermitted services
  105. 12FNotification that authorisation no longer required
  106. 12GExtension period
  107. 12HSupervision and enforcement of persons to whom paragraph 12B applies
  108. 12HASupervision and enforcement of persons to whom paragraph 12L (exemption from prohibition) applies
  109. 12IVariation and cancellation of authorisation
  110. 12JVariation and cancellation: procedure
  111. 12KPower to charge fees
  112. 12LExemption from prohibition
  113. 12MDuration of extension period
  114. Part 2: Transitional provisions relating to Payment Services Regulations 2017
  115. 13Interpretation
  116. 14Transitional authorisation for EEA authorised payment institution etc
  117. 15Requirements to be met by notification
  118. 16Registration of agents
  119. 17Requirements imposed by FCA
  120. 18Duties of person relying on transitional authorisation
  121. 19Exclusion of certain provisions of Payment Services Regulations 2017
  122. 20Power of FCA to cancel transitional authorisation
  123. 21Notice of intention
  124. 22Transition period
  125. 23Power to extend period specified in paragraph 22(4)
  126. 24Directions
  127. Part 3: Continuation of authorisation for limited purposes: Payment Services Regulations 2017
  128. 25Interpretation
  129. 26Continued authorisation for limited purposes
  130. 27Duty to notify FCA
  131. 28Agents
  132. 29Permitted services
  133. 30Notification that authorisation no longer required
  134. 31Extension period
  135. 32Supervision and enforcement of persons to whom paragraph 26 applies
  136. 32ASupervision and enforcement of persons to whom paragraph 36 applies
  137. 33Variation and cancellation of authorisation
  138. 34Variation and cancellation: procedure
  139. 35Power to charge fees
  140. 36Exemption from prohibition
  141. 37Duration of extension period
  142. Part 4: Supplementary provision
  143. 38Paragraph 38
  144. Explanatory note