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Version date: 30 October 2024 - onwards
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Regulation 2 Amendment of the Payment Services Regulations 2017

(1) The Payment Services Regulations 2017 [S.I. 2017/752, amended by S.I. 2018/1201; there are other amending instruments but none is relevant.] are amended as follows.

(2) In regulation 63(5)(a) (application of Part 7)-

(a) after "83 (revocation of a payment order)," insert "86(2A) to (2D) (payment transactions to a payment account),";

(b) after "92 (defective execution of payee-initiated transactions)", for "and" substitute ",";

(c) after "94 (liability for charges and interest)" insert "and 94A (liability for charges and interest as a consequence of delay under regulation 86(2B))".

(3) In regulation 85 (application of regulations 86 to 88)-

(a) in paragraph (1), after "88" insert ", except paragraphs (2A) to (2D) of regulation 86,";

(b) after paragraph (1), insert-

"(1A) Paragraphs (2A) to (2D) of regulation 86 (payment transactions to a payment account) apply to any payment transaction which is-

(a) authorised in accordance with regulation 67 (consent and withdrawal of consent);

(b

Comparing proposed amendment...