Section 63(4)

This paragraph applies where the service is necessary— for the performance of a contract entered into before IP completion day and provided for the purposes of performing such a contract or to redeem outstanding electronic money; for the purpose of reducing the financial risk of a party to a contract entered into before IP completion day or of a third party affected by the performance of such a contract; in order to transfer the property, rights or liabilities under a contract entered into before IP completion day to a person authorised to carry on a regulated activity under section 31(1)(a) of FSMA (other than a person authorised to carry on a regulated activity under that section of FSMA by virtue of the provisions contained in the Financial Services Contracts (Transitional and Saving Provision) (EU Exit) Regulations 2019); or in order to comply with a requirement imposed by or under an enactment.

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Source: legislation.gov.uk · retrieved 2026-09-04