(1) The Financial Services (Banking Reform) Act 2013 ("the Act") is amended as follows.

(2) In section 39(10) (overview), for "96 and 97" substitute "96 to 97D".

(3) In section 71 (meaning of "compliance failure") -

(a) at the end of paragraph (a), omit "or";

(b) at the end of paragraph (b), insert -

"; or

(c) comply with rules made by the Regulator under paragraph 9A of Schedule 4.".

(4) After section 97 (Reports), insert -

"Technical Standards

Technical standards

97A.

(1) This section, section 97B, section 97C and section 97D apply where a power for the Payment Systems Regulator to make technical standards is substituted for the power of an EU entity to make EU tertiary legislation (the "original EU power") by regulations made under section 8 of the European Union (Withdrawal) Act 2018.

(2) The power to make technical standards includes power to modify, amend or revoke -