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Version status: Revoked | Document consolidation status: Updated to reflect all known changes
Version date: 13 January 2018 - onwards
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Regulation 110 Prohibition on provision of payment services by persons other than payment service providers

Revoked from 13 January 2018

(1) A person may not provide a payment service in the United Kingdom, or purport to do so, unless the person is -

(a) an authorised payment institution;

(b) a small payment institution;

(c) an EEA authorised payment institution exercising its passport rights;

(d) a person mentioned in any of paragraphs (d) to (h) of the definition in regulation 2(1) of a payment service provider, including, where relevant, such a person exercising an EEA right in accordance with Part 2 of Schedule 3 to the 2000 Act (exercise of passport rights by EEA firms) [Part 2 was amended by the Enterprise Act 2002, section 278(1) and Schedule 25, paragraph 40; by the Consumer Credit Act 2006, section 33(9); by S.I.2003/1473, 2003/2066, 2007/126 and 2007/3253.]; or

(e) an electronic money institution which for the purposes of the Electronic Money Regulations 2011 is -

(i) registered in the United Kingdom as an authorised electronic money institution or a small electronic money institution; or

(ii) an EEA auth

Comparing proposed amendment...