The Financial Services and Markets Act 2023 (Consequential Amendments) Regulations 2023
Write the words of this act the way you think they should read. Solon shows your change as a redline against the published text and pins it to that exact text, so it can never be applied to wording you did not see.
Change 1
10 Payment Card Interchange Fee Regulations 2015
In the Payment Card Interchange Fee Regulations 2015, after regulation 4A (directions: payment card schemes), insert— Directions: co-operation between regulators 4B. For the purposes of section 98 of the 2013 Act (duty of regulators to ensure co-ordinated exercise of functions), the reference in section 98(6)(a) to the interchange fee regulation is to be read as including a reference to a direction given under regulation 4A. Power of FCA to require Regulator to refrain from specified action 4C. For the purposes of section 101 of the 2013 Act (power of FCA to require the Regulator to refrain from specified action), in section 101(2)— (a) the reference to “this Part” is to be read as including a reference to regulation 4A; (b) the reference to “a participant in a regulated payment system” is to be read as a person referred to in regulation 4A(1). .
10 Payment Card Interchange Fee Regulations 2015
In the Payment Card Interchange Fee Regulations 2015, after regulation 4A (directions: payment card schemes), insert— Directions: co-operation between regulators 4B. For the purposes of section 98 of the 2013 Act (duty of regulators to ensure co-ordinated exercise of functions), the reference in section 98(6)(a) to the interchange fee regulation is to be read as including a reference to a direction given under regulation 4A. Power of FCA to require Regulator to refrain from specified action 4C. For the purposes of section 101 of the 2013 Act (power of FCA to require the Regulator to refrain from specified action), in section 101(2)— (a) the reference to “this Part” is to be read as including a reference to regulation 4A; (b) the reference to “a participant in a regulated payment system” is to be read as a person referred to in regulation 4A(1). .
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