(1) The Payments in Euro (Credit Transfers and Direct Debits) Regulations 2012 [S.I. 2012/3122.] are amended as follows.

(2) In regulation 2 (interpretation), in paragraph (1) -

(a) in the definition of “the 2009 European Regulation”, for “2009 European” substitute “2009”;

(b) in the definition of "the 2012 European Regulation", for "2012 European" substitute "2012";

(c) for the definition of “the European Regulations” substitute -

““the Regulations” means the 2009 Regulation or the 2012 Regulation;”

(3) In regulations 4 to 18 -

(a) for “European Regulations” each time it appears, substitute “Regulations”;

(b) for “2012 European Regulation” each time it appears, substitute “2012 Regulation”.

(4) [deleted]

(5) Omit the following provisions -