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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 31 December 2020 - onwards
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Regulation 154 Transitional provisions: account information services and payment initiation services

(1) Paragraph (2) applies to a person that -

(a) provided account information services or payment initiation services before 12th January 2016;

(b) continues to provide such services immediately before 13th January 2018; and

(c) but for paragraph (2), would require a new authorisation or registration, or a variation of an authorisation, in order to continue to provide such services on and after 13th January 2018;

(2) During the period described in paragraph (3) -

(a) the person may continue to provide the services without a new authorisation or registration, or a variation of an authorisation, in respect of the services, and

(b) services provided as permitted by sub-paragraph (a) are to be treated for the purposes of these Regulations and the Electronic Money Regulations 2011 as if they were not account information services or payment initiation services.

(3) The period starts on 13th January 2018 and ends at the end of -

(a) 14th September 2019; or

(b) if earlier, the date on which -

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