The Payment Services and Electronic Money (Amendment) Regulations 2020

Made: 12th November 2020

Laid before Parliament: 16th November 2020

Coming into force: 8th December 2020

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PART 1 — Introductory Provisions

Citation and commencement

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PART 2 — Amendments to the Electronic Money Regulations 2011

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PART 3 — Amendments to the Payment Services Regulations 2017

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Signed

Michael Tomlinson

Rebecca Harris — Two of the Lords Commissioners of Her Majesty’s Treasury — 12th November 2020

Explanatory note

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Footnotes

[^f00001]: S.I. 2012/1759 section 4.

[^f00002]: 1972 c. 68. The European Communities Act 1972 was repealed by section 1 of the European Union (Withdrawal) Act 2018 (c. 16) with effect from exit day, but saved with modifications until IP completion day by section 1A of that Act (as inserted by section 1 of the European Union (Withdrawal Agreement) Act 2020 (c.1)). Section 2(2) of the European Communities Act 1972 was amended by section 27(1) of the Legislative and Regulatory Reform Act 2006 (c. 51) and by section 3(3) of, and Part 1 of the Schedule to, the European Union (Amendment) Act 2008 (c. 7). By virtue of the amendment of section 1(2) by section 1 of the European Economic Area Act 1993 (c. 51), regulations may be made under section 2(2) of the European Communities Act 1972 to implement obligations of the United Kingdom created or arising by or under the Agreement on the European Economic Area signed at Oporto on 2nd May 1992 (Cm 2073) and the Protocol adjusting that Agreement signed at Brussels on 17th March 1993 (Cm 2183). Paragraph 1A was inserted into Schedule 2 by section 28 of the Legislative and Regulatory Reform Act 2006.

[^f00003]: S.I. 2011/99, amended by S.I. 2017/752; there are other amending instruments but none is relevant.

[^f00004]: 2009 c.1; section 234 was amended by the Financial Services Act 2012 (c.21), Schedule 17(4) paragraph 56 and section 235 was inserted by the Financial Services Act 2012 (c.21), Schedule 17(4) paragraph 57.

[^f00005]: S.I. 2017/752, amended by S.I. 2017/1173; there are other amending instruments but none is relevant.

Editorial notes