Regulation 62 Transfer of funds supervisory authorities

(1) The FCA is the transfer of funds supervisory authority for payment service providers, who are -

(a) authorised persons;

(b) authorised payment institutions under the Payment Services Regulations 2017 which are not included in the register maintained by the Commissioners under regulation 54(2);

(c) registered small payment institutions under the Payment Services Regulations 2017 which are not included in the register maintained by the Commissioners under regulation 54(2);

(d) authorised electronic money institutions under the Electronic Money Regulations 2011 [S.I. 2011/99.];

or

(e) registered small electronic money institutions under the Electronic Money Regulations 2011.

(2) The Commissioners are the transfer of funds supervisory authority for payment service providers who do not come within paragraph (1).