Interpretation

25. The interpretative provisions in paragraph 13 apply also for the purposes of this Part of this Schedule.

Continued authorisation for limited purposes

26.

(1) This paragraph applies to a person in relation to whom the IP completion day conditions or the transitional authorisation conditions are satisfied.

(2) The "IP completion day conditions", in relation to a person, are -

(a) that immediately before IP completion day the person was providing payment services through a branch or agent in the United Kingdom in the exercise of a passport right -

(i) as an EEA authorised payment institution, or

(ii) as an EEA registered account information service provider,