Item |
Provision affected |
Amendment |
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1. |
Regulation 2 |
Insert the following definition after the definition of "financial institution": |
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" ‘Financial Services and Pensions Ombudsman' means the Financial Services and Pensions Ombudsman holding office as such under Part VIIB of the Central Bank Act 1942 or acting in that office;". |
2. |
Regulation 14 |
Substitute the following regulation: |
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"14.—The Financial Services and Pensions Ombudsman is responsible for investigating and adjudicating a dispute arising from the application of these Regulations if the dispute is between— |
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(a) an originator and the originator's institution, or |
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(b) a beneficiary and the beneficiary's institution.". |