(1) Article 2 (definitions) is amended as follows.

(2) Before point (1) insert -

"(A1) "the qualifying area" means the territory of the qualifying States;

(A2) "qualifying State" means each of the following -

(a) the EEA states,

(b) the United Kingdom,

and

(c) Gibraltar;".

(3) In point (7), for "Union and within Member States" substitute "qualifying area and within the United Kingdom".

(4) Omit point (8).

(5) Before point (9) insert -

"(8A) UK-regulated PSP" means a payment service provider as defined by regulation 2(1) of the Payment Services Regulations 2017 [S.I. 2017/752];

(8B) "PSP" means -

(a) a UK-regulated PSP, or

(b) a PSP as defined by point (8), as it had effect immediately before IP completion day;".