(1) These Regulations may be cited as the Payment Services Regulations 2017.
(2) The following provisions come into force on 13th August 2017 -
(a) this regulation and regulations 2 (interpretation), 106 (functions of the FCA), 112(6) (policy on imposition of penalties), 118 (costs of supervision), 120 (guidance), 121 (FCA's exemption from liability in damages) and 147 (duty to co-operate and exchange of information);
(b) regulation 122 and the following provisions of Schedule 6 (application and modification of legislation) -
(i) paragraph 1 (disciplinary powers) in so far as that paragraph applies sections 69 and 70 of the 2000 Act;
(ii) paragraph 3 (FCA rules) for the purpose of enabling the FCA to make rules;
(iii) paragraph 5 (control over payment institutions) in so far as that paragraph applies the provisions of sections 179 and 191E of the 2000 Act which confer functions on the FCA;
(iv) paragraph 12 (application of the Financial Services and Markets Act 2000 (Service of Notices
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