Electronic Money Regulations 2011 · PART 3 PRUDENTIAL SUPERVISION ...

20 Safeguarding requirements

reg. 20 · in force: yes

Captured statutory text (L5)

20 Safeguarding requirements

(1)Electronic money institutions must safeguard funds that have been received in exchange for electronic money that has been issued (referred to in this regulation and regulations 21 and 22 as “relevant funds”).

(2)Relevant funds must be safeguarded in accordance with either regulation 21 or regulation 22.

(2A)An electronic money institution may safeguard certain relevant funds in accordance with regulation 21 and the remaining relevant funds in accordance with regulation 22.

(3)Where—

(a)only a proportion of the funds that have been received are to be used for the execution of a payment transaction (with the remainder being used for non-payment services); and

(b)the precise portion attributable to the execution of the payment transaction is variable or unknown in advance,

the relevant funds are such amount as may be reasonably estimated, on the basis of historical data and to the satisfaction of the Authority, to be representative of the portion attributable to the execution of the payment transaction.

(4)Funds received in the form of payment by payment instrument need not be safeguarded until they—

(a)are credited to the electronic money institution's payment account; or

(b)are otherwise made available to the electronic money institution,

provided that such funds must be safeguarded by the end of five business days after the date on which the electronic money has been issued.

(5)In paragraphs (1) to (4) and in regulations 21 to 24 references to an electronic money institution include references to a credit union.

(6)Regulation 23 of the Payment Services Regulations 2017 applies in relation to funds received by electronic money institutions and credit unions for the execution of payment transactions that are not related to the issuance of electronic money with the following modifications—

(a)references to an “authorised payment institution” are to be treated as references to an authorised electronic money institution;

(b)references to a “small payment institution” are to be treated as references to—

(i)a small electronic money institution; and

(ii)a credit union; and

(c)references to a “payment transaction” are to be treated as references to a payment transaction that is not related to the issuance of electronic money.

Full captured verbatim text

(1) Electronic money institutions must safeguard funds that have been received in exchange for electronic money that has been issued (referred to in this regulation and regulations 21 and 22 as “relevant funds”).

(2) Relevant funds must be safeguarded in accordance with either regulation 21 or regulation 22.

(2A) An electronic money institution may safeguard certain relevant funds in accordance with regulation 21 and the remaining relevant funds in accordance with regulation 22.

(3) Where—

(a) only a proportion of the funds that have been received are to be used for the execution of a payment transaction (with the remainder being used for non-payment services); and

(b) the precise portion attributable to the execution of the payment transaction is variable or unknown in advance,

the relevant funds are such amount as may be reasonably estimated, on the basis of historical data and to the satisfaction of the Authority, to be representative of the portion attributable to the execution of the payment transaction.

(4) Funds received in the form of payment by payment instrument need not be safeguarded until they—

(a) are credited to the electronic money institution's payment account; or

(b) are otherwise made available to the electronic money institution,

provided that such funds must be safeguarded by the end of five business days after the date on which the electronic money has been issued.

(5) In paragraphs (1) to (4) and in regulations 21 to 24 references to an electronic money institution include references to a credit union.

(6) Regulation 23 of the Payment Services Regulations 2017 applies in relation to funds received by electronic money institutions and credit unions for the execution of payment transactions that are not related to the issuance of electronic money with the following modifications—

(a) references to an “authorised payment institution” are to be treated as references to an authorised electronic money institution;

(b) references to a “small payment institution” are to be treated as references to—

(i) a small electronic money institution; and

(ii) a credit union; and

(c) references to a “payment transaction” are to be treated as references to a payment transaction that is not related to the issuance of electronic money.

What this provision means

Model summary, checked against the text on the left.

Relevance to Signicat: 1/3 · detailed summary (L4) Status: not needed for a short provision · Stored artifact; current recipe verification unavailable

Institutions must safeguard relevant funds received in exchange for electronic money under regulation 21 or 22.

Only the one-line summary above is stored for this provision; the text itself is the evidence.

Refers to

cross-reference internal_cite · reg. 21

cross-reference internal_cite · reg. 22

cross-reference internal_cite · reg. 23

cross-reference internal_cite · reg. 24

other law external_cite · reg. 23

Referred to by

cross-reference internal_cite · reg. 13

cross-reference internal_cite · reg. 32

cross-reference internal_cite · reg. 6

cross-reference internal_cite · reg. 72

cross-reference internal_cite · Sch. 1 para. 4

cross-reference internal_cite · Sch. 2ZA para. 6

cross-reference internal_cite · Sch. 4 para. 19

Part summaries

0 of 0 parts have a verified summary.

L1 unavailable for current verification: the overall summary needs every part verified. Provisions and the verified summaries remain readable.

Verification findings (202)

synthesis coverage: missing/unverified L2 part-1

synthesis coverage: missing evaluation uk:uksi/2011/99#regulation-1

synthesis coverage: missing evaluation uk:uksi/2011/99#regulation-2

synthesis coverage: missing evaluation uk:uksi/2011/99#regulation-3

synthesis coverage: missing evaluation uk:uksi/2011/99#regulation-3ZA

synthesis coverage: missing evaluation uk:uksi/2011/99#regulation-3A

synthesis coverage: missing evaluation uk:uksi/2011/99#regulation-3B

synthesis coverage: missing/unverified L2 part-2

synthesis coverage: missing evaluation uk:uksi/2011/99#regulation-4

synthesis coverage: missing evaluation uk:uksi/2011/99#regulation-5

synthesis coverage: missing evaluation uk:uksi/2011/99#regulation-6

synthesis coverage: missing evaluation uk:uksi/2011/99#regulation-7

synthesis coverage: missing evaluation uk:uksi/2011/99#regulation-8

synthesis coverage: missing evaluation uk:uksi/2011/99#regulation-9

synthesis coverage: missing evaluation uk:uksi/2011/99#regulation-10

synthesis coverage: missing evaluation uk:uksi/2011/99#regulation-11

synthesis coverage: missing evaluation uk:uksi/2011/99#regulation-12

synthesis coverage: missing evaluation uk:uksi/2011/99#regulation-13

synthesis coverage: missing evaluation uk:uksi/2011/99#regulation-14

synthesis coverage: missing evaluation uk:uksi/2011/99#regulation-15

synthesis coverage: missing evaluation uk:uksi/2011/99#regulation-16

synthesis coverage: missing evaluation uk:uksi/2011/99#regulation-17

synthesis coverage: missing evaluation uk:uksi/2011/99#regulation-18

synthesis coverage: missing/unverified L2 part-3

synthesis coverage: missing evaluation uk:uksi/2011/99#regulation-19

synthesis coverage: missing evaluation uk:uksi/2011/99#regulation-20

synthesis coverage: missing evaluation uk:uksi/2011/99#regulation-21

synthesis coverage: missing evaluation uk:uksi/2011/99#regulation-22

synthesis coverage: missing evaluation uk:uksi/2011/99#regulation-23

synthesis coverage: missing evaluation uk:uksi/2011/99#regulation-24

synthesis coverage: missing evaluation uk:uksi/2011/99#regulation-24A

synthesis coverage: missing evaluation uk:uksi/2011/99#regulation-25

synthesis coverage: missing evaluation uk:uksi/2011/99#regulation-26

synthesis coverage: missing evaluation uk:uksi/2011/99#regulation-27

synthesis coverage: missing evaluation uk:uksi/2011/99#regulation-28

synthesis coverage: missing evaluation uk:uksi/2011/99#regulation-29

synthesis coverage: missing evaluation uk:uksi/2011/99#regulation-29A

synthesis coverage: missing evaluation uk:uksi/2011/99#regulation-30

synthesis coverage: missing evaluation uk:uksi/2011/99#regulation-31

synthesis coverage: missing/unverified L2 part-4

synthesis coverage: missing evaluation uk:uksi/2011/99#regulation-31A

synthesis coverage: missing evaluation uk:uksi/2011/99#regulation-32

synthesis coverage: missing evaluation uk:uksi/2011/99#regulation-33

synthesis coverage: missing evaluation uk:uksi/2011/99#regulation-34

synthesis coverage: missing evaluation uk:uksi/2011/99#regulation-35

synthesis coverage: missing evaluation uk:uksi/2011/99#regulation-36

synthesis coverage: missing evaluation uk:uksi/2011/99#regulation-37

synthesis coverage: missing/unverified L2 part-5

synthesis coverage: missing evaluation uk:uksi/2011/99#regulation-38

synthesis coverage: missing evaluation uk:uksi/2011/99#regulation-39

synthesis coverage: missing evaluation uk:uksi/2011/99#regulation-40

synthesis coverage: missing evaluation uk:uksi/2011/99#regulation-41

synthesis coverage: missing evaluation uk:uksi/2011/99#regulation-42

synthesis coverage: missing evaluation uk:uksi/2011/99#regulation-43

synthesis coverage: missing evaluation uk:uksi/2011/99#regulation-44

synthesis coverage: missing evaluation uk:uksi/2011/99#regulation-45

synthesis coverage: missing evaluation uk:uksi/2011/99#regulation-46

synthesis coverage: missing/unverified L2 part-6

synthesis coverage: missing evaluation uk:uksi/2011/99#regulation-47

synthesis coverage: missing evaluation uk:uksi/2011/99#regulation-48

synthesis coverage: missing evaluation uk:uksi/2011/99#regulation-49

synthesis coverage: missing evaluation uk:uksi/2011/99#regulation-50

synthesis coverage: missing evaluation uk:uksi/2011/99#regulation-51

synthesis coverage: missing evaluation uk:uksi/2011/99#regulation-52

synthesis coverage: missing evaluation uk:uksi/2011/99#regulation-53

synthesis coverage: missing evaluation uk:uksi/2011/99#regulation-54

synthesis coverage: missing evaluation uk:uksi/2011/99#regulation-55

synthesis coverage: missing evaluation uk:uksi/2011/99#regulation-56

synthesis coverage: missing evaluation uk:uksi/2011/99#regulation-57

synthesis coverage: missing evaluation uk:uksi/2011/99#regulation-58

synthesis coverage: missing evaluation uk:uksi/2011/99#regulation-59

synthesis coverage: missing evaluation uk:uksi/2011/99#regulation-59A

synthesis coverage: missing evaluation uk:uksi/2011/99#regulation-60

synthesis coverage: missing evaluation uk:uksi/2011/99#regulation-61

synthesis coverage: missing evaluation uk:uksi/2011/99#regulation-62

synthesis coverage: missing/unverified L2 part-7

synthesis coverage: missing evaluation uk:uksi/2011/99#regulation-63

synthesis coverage: missing evaluation uk:uksi/2011/99#regulation-64

synthesis coverage: missing evaluation uk:uksi/2011/99#regulation-65

synthesis coverage: missing evaluation uk:uksi/2011/99#regulation-66

synthesis coverage: missing evaluation uk:uksi/2011/99#regulation-67

synthesis coverage: missing evaluation uk:uksi/2011/99#regulation-68

synthesis coverage: missing evaluation uk:uksi/2011/99#regulation-69

synthesis coverage: missing evaluation uk:uksi/2011/99#regulation-70

synthesis coverage: missing evaluation uk:uksi/2011/99#regulation-71

synthesis coverage: missing evaluation uk:uksi/2011/99#regulation-72

synthesis coverage: missing evaluation uk:uksi/2011/99#regulation-73

synthesis coverage: missing evaluation uk:uksi/2011/99#regulation-74

synthesis coverage: missing evaluation uk:uksi/2011/99#regulation-75

synthesis coverage: missing evaluation uk:uksi/2011/99#regulation-76

synthesis coverage: missing evaluation uk:uksi/2011/99#regulation-77

synthesis coverage: missing evaluation uk:uksi/2011/99#regulation-78

synthesis coverage: missing evaluation uk:uksi/2011/99#regulation-78A

synthesis coverage: missing evaluation uk:uksi/2011/99#regulation-79

synthesis coverage: missing evaluation uk:uksi/2011/99#regulation-80

synthesis coverage: missing/unverified L2 schedule-1

synthesis coverage: missing evaluation uk:uksi/2011/99#schedule-1-paragraph-1

synthesis coverage: missing evaluation uk:uksi/2011/99#schedule-1-paragraph-2

synthesis coverage: missing evaluation uk:uksi/2011/99#schedule-1-paragraph-3

synthesis coverage: missing evaluation uk:uksi/2011/99#schedule-1-paragraph-4

synthesis coverage: missing evaluation uk:uksi/2011/99#schedule-1-paragraph-5

synthesis coverage: missing evaluation uk:uksi/2011/99#schedule-1-paragraph-5A

synthesis coverage: missing evaluation uk:uksi/2011/99#schedule-1-paragraph-5B

synthesis coverage: missing evaluation uk:uksi/2011/99#schedule-1-paragraph-5C

synthesis coverage: missing evaluation uk:uksi/2011/99#schedule-1-paragraph-5D

synthesis coverage: missing evaluation uk:uksi/2011/99#schedule-1-paragraph-5E

synthesis coverage: missing evaluation uk:uksi/2011/99#schedule-1-paragraph-6

synthesis coverage: missing evaluation uk:uksi/2011/99#schedule-1-paragraph-7

synthesis coverage: missing evaluation uk:uksi/2011/99#schedule-1-paragraph-8

synthesis coverage: missing evaluation uk:uksi/2011/99#schedule-1-paragraph-9

synthesis coverage: missing evaluation uk:uksi/2011/99#schedule-1-paragraph-10

synthesis coverage: missing evaluation uk:uksi/2011/99#schedule-1-paragraph-11

synthesis coverage: missing evaluation uk:uksi/2011/99#schedule-1-paragraph-12

synthesis coverage: missing evaluation uk:uksi/2011/99#schedule-1-paragraph-13

synthesis coverage: missing evaluation uk:uksi/2011/99#schedule-1-paragraph-14

synthesis coverage: missing/unverified L2 schedule-2-part-1

synthesis coverage: missing evaluation uk:uksi/2011/99#schedule-2-paragraph-1

synthesis coverage: missing evaluation uk:uksi/2011/99#schedule-2-paragraph-2

synthesis coverage: missing evaluation uk:uksi/2011/99#schedule-2-paragraph-3

synthesis coverage: missing/unverified L2 schedule-2-part-2

synthesis coverage: missing evaluation uk:uksi/2011/99#schedule-2-paragraph-4

synthesis coverage: missing evaluation uk:uksi/2011/99#schedule-2-paragraph-5

synthesis coverage: missing evaluation uk:uksi/2011/99#schedule-2-paragraph-6

synthesis coverage: missing evaluation uk:uksi/2011/99#schedule-2-paragraph-7

synthesis coverage: missing evaluation uk:uksi/2011/99#schedule-2-paragraph-8

synthesis coverage: missing evaluation uk:uksi/2011/99#schedule-2-paragraph-9

synthesis coverage: missing evaluation uk:uksi/2011/99#schedule-2-paragraph-10

synthesis coverage: missing evaluation uk:uksi/2011/99#schedule-2-paragraph-11

synthesis coverage: missing evaluation uk:uksi/2011/99#schedule-2-paragraph-12

synthesis coverage: missing evaluation uk:uksi/2011/99#schedule-2-paragraph-13

synthesis coverage: missing evaluation uk:uksi/2011/99#schedule-2-paragraph-14

synthesis coverage: missing evaluation uk:uksi/2011/99#schedule-2-paragraph-15

synthesis coverage: missing evaluation uk:uksi/2011/99#schedule-2-paragraph-16

synthesis coverage: missing evaluation uk:uksi/2011/99#schedule-2-paragraph-17

synthesis coverage: missing evaluation uk:uksi/2011/99#schedule-2-paragraph-18

synthesis coverage: missing evaluation uk:uksi/2011/99#schedule-2-paragraph-19

synthesis coverage: missing evaluation uk:uksi/2011/99#schedule-2-paragraph-20

synthesis coverage: missing evaluation uk:uksi/2011/99#schedule-2-paragraph-21

synthesis coverage: missing evaluation uk:uksi/2011/99#schedule-2-paragraph-22

synthesis coverage: missing evaluation uk:uksi/2011/99#schedule-2-paragraph-23

synthesis coverage: missing evaluation uk:uksi/2011/99#schedule-2-paragraph-24

synthesis coverage: missing evaluation uk:uksi/2011/99#schedule-2-paragraph-25

synthesis coverage: missing/unverified L2 schedule-2ZA

synthesis coverage: missing evaluation uk:uksi/2011/99#schedule-2ZA-paragraph-1

synthesis coverage: missing evaluation uk:uksi/2011/99#schedule-2ZA-paragraph-2

synthesis coverage: missing evaluation uk:uksi/2011/99#schedule-2ZA-paragraph-3

synthesis coverage: missing evaluation uk:uksi/2011/99#schedule-2ZA-paragraph-4

synthesis coverage: missing evaluation uk:uksi/2011/99#schedule-2ZA-paragraph-5

synthesis coverage: missing evaluation uk:uksi/2011/99#schedule-2ZA-paragraph-6

synthesis coverage: missing/unverified L2 schedule-2A-part-1

synthesis coverage: missing evaluation uk:uksi/2011/99#schedule-2A-paragraph-1

synthesis coverage: missing evaluation uk:uksi/2011/99#schedule-2A-paragraph-2

synthesis coverage: missing/unverified L2 schedule-2A-part-2

synthesis coverage: missing evaluation uk:uksi/2011/99#schedule-2A-paragraph-3

synthesis coverage: missing evaluation uk:uksi/2011/99#schedule-2A-paragraph-4

synthesis coverage: missing evaluation uk:uksi/2011/99#schedule-2A-paragraph-5

synthesis coverage: missing evaluation uk:uksi/2011/99#schedule-2A-paragraph-6

synthesis coverage: missing/unverified L2 schedule-3-part-1

synthesis coverage: missing evaluation uk:uksi/2011/99#schedule-3-paragraph-1

synthesis coverage: missing evaluation uk:uksi/2011/99#schedule-3-paragraph-2

synthesis coverage: missing evaluation uk:uksi/2011/99#schedule-3-paragraph-2A

synthesis coverage: missing evaluation uk:uksi/2011/99#schedule-3-paragraph-3

synthesis coverage: missing evaluation uk:uksi/2011/99#schedule-3-paragraph-4

synthesis coverage: missing evaluation uk:uksi/2011/99#schedule-3-paragraph-4A

synthesis coverage: missing evaluation uk:uksi/2011/99#schedule-3-paragraph-5

synthesis coverage: missing evaluation uk:uksi/2011/99#schedule-3-paragraph-6

synthesis coverage: missing evaluation uk:uksi/2011/99#schedule-3-paragraph-7

synthesis coverage: missing evaluation uk:uksi/2011/99#schedule-3-paragraph-8

synthesis coverage: missing evaluation uk:uksi/2011/99#schedule-3-paragraph-9

synthesis coverage: missing/unverified L2 schedule-3-part-2

synthesis coverage: missing evaluation uk:uksi/2011/99#schedule-3-paragraph-10

synthesis coverage: missing evaluation uk:uksi/2011/99#schedule-3-paragraph-11

synthesis coverage: missing/unverified L2 schedule-4-part-1

synthesis coverage: missing evaluation uk:uksi/2011/99#schedule-4-paragraph-1

synthesis coverage: missing evaluation uk:uksi/2011/99#schedule-4-paragraph-2

synthesis coverage: missing evaluation uk:uksi/2011/99#schedule-4-paragraph-3

synthesis coverage: missing evaluation uk:uksi/2011/99#schedule-4-paragraph-4

synthesis coverage: missing evaluation uk:uksi/2011/99#schedule-4-paragraph-5

synthesis coverage: missing evaluation uk:uksi/2011/99#schedule-4-paragraph-6

synthesis coverage: missing/unverified L2 schedule-4-part-2

synthesis coverage: missing evaluation uk:uksi/2011/99#schedule-4-paragraph-7

synthesis coverage: missing evaluation uk:uksi/2011/99#schedule-4-paragraph-8

synthesis coverage: missing evaluation uk:uksi/2011/99#schedule-4-paragraph-9

synthesis coverage: missing evaluation uk:uksi/2011/99#schedule-4-paragraph-10

synthesis coverage: missing evaluation uk:uksi/2011/99#schedule-4-paragraph-11

synthesis coverage: missing evaluation uk:uksi/2011/99#schedule-4-paragraph-12

synthesis coverage: missing evaluation uk:uksi/2011/99#schedule-4-paragraph-13

synthesis coverage: missing evaluation uk:uksi/2011/99#schedule-4-paragraph-14

synthesis coverage: missing evaluation uk:uksi/2011/99#schedule-4-paragraph-15

synthesis coverage: missing evaluation uk:uksi/2011/99#schedule-4-paragraph-16

synthesis coverage: missing evaluation uk:uksi/2011/99#schedule-4-paragraph-17

synthesis coverage: missing evaluation uk:uksi/2011/99#schedule-4-paragraph-18

synthesis coverage: missing evaluation uk:uksi/2011/99#schedule-4-paragraph-19

synthesis coverage: missing evaluation uk:uksi/2011/99#schedule-4-paragraph-20

synthesis coverage: missing evaluation uk:uksi/2011/99#schedule-4-paragraph-21

synthesis coverage: missing/unverified L2 schedule-5

synthesis coverage: missing evaluation uk:uksi/2011/99#schedule-5-paragraph-1

synthesis coverage: missing evaluation uk:uksi/2011/99#schedule-5-paragraph-2

synthesis coverage: missing evaluation uk:uksi/2011/99#schedule-5-paragraph-2A

synthesis coverage: missing evaluation uk:uksi/2011/99#schedule-5-paragraph-3

synthesis coverage: missing evaluation uk:uksi/2011/99#schedule-5-paragraph-4

Instrument tier unavailable

Change history as published

Reg. 28 omitted (31.12.2020) by virtue of The Electronic Money, Payment Services and Payment Systems (Amendment and Transitional Provisions) (EU Exit) Regulations 2018 (S.I. 2018/1201), reg. 1(3), Sch. 2 para. 10 (with reg. 4, Sch. 3 Pt. 1) (with further transitional provisions in Sch. 3 Pt. 1A as inserted by S.I. 2019/405, regs. 1, 10 and as amended by S.I. 2019/1010, regs. 1(3), 7; S.I. 2019/1212, regs. 1(2), 7 and S.I. 2020/56, regs. 1, 8); 2020 c. 1, Sch. 5 para. 1(1)

Reg. 29 omitted (31.12.2020) by virtue of The Electronic Money, Payment Services and Payment Systems (Amendment and Transitional Provisions) (EU Exit) Regulations 2018 (S.I. 2018/1201), reg. 1(3), Sch. 2 para. 10 (with reg. 4, Sch. 3 Pt. 1) (with further transitional provisions in Sch. 3 Pt. 1A as inserted by S.I. 2019/405, regs. 1, 10 and as amended by S.I. 2019/1010, regs. 1(3), 7; S.I. 2019/1212, regs. 1(2), 7 and S.I. 2020/56, regs. 1, 8); 2020 c. 1, Sch. 5 para. 1(1)

Reg. 29A omitted (31.12.2020) by virtue of The Electronic Money, Payment Services and Payment Systems (Amendment and Transitional Provisions) (EU Exit) Regulations 2018 (S.I. 2018/1201), reg. 1(3), Sch. 2 para. 10 (with reg. 4, Sch. 3 Pt. 1) (with further transitional provisions in Sch. 3 Pt. 1A as inserted by S.I. 2019/405, regs. 1, 10 and as amended by S.I. 2019/1010, regs. 1(3), 7; S.I. 2019/1212, regs. 1(2), 7 and S.I. 2020/56, regs. 1, 8); 2020 c. 1, Sch. 5 para. 1(1)

Reg. 30 omitted (31.12.2020) by virtue of The Electronic Money, Payment Services and Payment Systems (Amendment and Transitional Provisions) (EU Exit) Regulations 2018 (S.I. 2018/1201), reg. 1(3), Sch. 2 para. 10 (with reg. 4, Sch. 3 Pt. 1) (with further transitional provisions in Sch. 3 Pt. 1A as inserted by S.I. 2019/405, regs. 1, 10 and as amended by S.I. 2019/1010, regs. 1(3), 7; S.I. 2019/1212, regs. 1(2), 7 and S.I. 2020/56, regs. 1, 8); 2020 c. 1, Sch. 5 para. 1(1)

Reg. 31 omitted (26.7.2013 for specified purposes, 1.4.2014 in so far as not already in force) by virtue of The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) (No.2) Order 2013 (S.I. 2013/1881), art. 1(2)(6), Sch. para. 42

Reg. 59A omitted (31.12.2020) by virtue of The Electronic Money, Payment Services and Payment Systems (Amendment and Transitional Provisions) (EU Exit) Regulations 2018 (S.I. 2018/1201), reg. 1(3), Sch. 2 para. 15 (with reg. 4, Sch. 3 Pt. 1) (with further transitional provisions in Sch. 3 Pt. 1A as inserted by S.I. 2019/405, regs. 1, 10 and as amended by S.I. 2019/1010, regs. 1(3), 7; S.I. 2019/1212, regs. 1(2), 7 and S.I. 2020/56, regs. 1, 8); 2020 c. 1, Sch. 5 para. 1(1)

Regs. 74-78A omitted (31.12.2020) by virtue of The Electronic Money, Payment Services and Payment Systems (Amendment and Transitional Provisions) (EU Exit) Regulations 2018 (S.I. 2018/1201), reg. 1(3), Sch. 2 para. 18 (with reg. 4, Sch. 3 Pt. 1) (with further transitional provisions in Sch. 3 Pt. 1A as inserted by S.I. 2019/405, regs. 1, 10 and as amended by S.I. 2019/1010, regs. 1(3), 7; S.I. 2019/1212, regs. 1(3), 7 and S.I. 2020/56, regs. 1, 8); 2020 c. 1, Sch. 5 para. 1(1) · repeated 6×

Sch. 2 paras. 5-8 and heading omitted (13.8.2017 for specified purposes, 13.10.2017 for specified purposes, 13.1.2018 in so far as not already in force) by virtue of The Payment Services Regulations 2017 (S.I. 2017/752), reg. 1(2)(c)(iii)(3)(f)(i)(6), Sch. 8 para. 5(30)(c) (with reg. 3) · repeated 4×

Sch. 2A omitted (31.12.2020) by virtue of The Electronic Money, Payment Services and Payment Systems (Amendment and Transitional Provisions) (EU Exit) Regulations 2018 (S.I. 2018/1201), reg. 1(3), Sch. 2 para. 20 (with reg. 4, Sch. 3 Pt. 1 and saving for effects of The Financial Services and Markets Act 2000 (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/632, reg. 144(3) (with savings in S.I. 2019/680, reg. 11 (as amended by S.I. 2019/1212, regs. 1(3), 22(3)) (with further transitional provisions in Sch. 3 Pt. 1A as inserted by S.I. 2019/405, regs. 1, 10 and as amended by S.I. 2019/1010, regs. 1(3), 7; S.I. 2019/1212, regs. 1(2), 7 and S.I. 2020/56, regs. 1, 8); 2020 c. 1, Sch. 5 para. 1(1) · repeated 6×

Sch. 3 para. 4A omitted (31.12.2020) by virtue of The Electronic Money, Payment Services and Payment Systems (Amendment and Transitional Provisions) (EU Exit) Regulations 2018 (S.I. 2018/1201), reg. 1(3), Sch. 2 para. 21(4) (with reg. 4, Sch. 3 Pt. 1) (with further transitional provisions in Sch. 3 Pt. 1A as inserted by S.I. 2019/405, regs. 1, 10 and as amended by S.I. 2019/1010, regs. 1(3), 7; S.I. 2019/1212, regs. 1(2), 7 and S.I. 2020/56, regs. 1, 8); 2020 c. 1, Sch. 5 para. 1(1)

Pending effects amendments not yet applied to this text

reg. 13(8)(d) words revoked by Sanctions and Anti-Money Laundering Act 2018 Sch. 3 para. 9 · Effective date unknown · reg. 13

Regulations revoked by Financial Services and Markets Act 2023 Sch. 1 Pt. 2 · Effective date unknown

Sch. 2A para. 1(13) omitted by The Financial Services and Markets Act 2000 (Amendment) (EU Exit) Regulations 2019 reg. 195 · Effective date unknown · Sch. 2A para. 1

Regulations power to amend conferred by Financial Services Act 2021 s. 23 · Effective date unknown

Provenance

Every claim the system makes about this text is traceable to these identifiers.

Instrument: uk:uksi/2011/99
Part: PART 3 PRUDENTIAL SUPERVISION ...
Version: 5e042ca1bfbd459184a0a4f8…
Content hash: sha256 9e1d9382cab660bffe192fe0…
Source: legislation.gov.uk/uksi/2011/99