Schedule 8, Part 2, paragraph 5(2)

In regulation 2(1) (interpretation)— in the appropriate places insert— “account information service” means an online service to provide consolidated information on one or more payment accounts held by the payment service user with another payment service provider or with more than one payment service provider, and includes such a service whether information is provided— in its original form or after processing; only to the payment service user or to the payment service user and to another person in accordance with the payment service user's instructions; “European Banking Authority” means the European Banking Authority established by Regulation (EU) 1093/2010 of the European Parliament and of the Council of 24th November 2010 establishing a European Supervisory Authority (European Banking Authority) ; “payment initiation service” means a service to initiate a payment order at the request of the payment service user with respect to a payment account held at another payment service provider; “payment service provider” has the meaning given in regulation 2(1) of the Payment Services Regulations 2017; “sensitive payment data” means information, including personalised security credentials, which could be used to carry out fraud; but in relation to account information services and payment initiation services does not include the name of an account holder or an account number; for the definition of “own funds” substitute— “own funds” means own funds as defined in Article 4(1)(118) of the capital requirements regulation, and “Common Equity Tier 1 capital”, “Tier 1 capital” and “Tier 2 capital” have the same meanings as in that regulation; in the definition of “payment services” for “2009” substitute “ 2017 ”; for the definition of “the payment services directive” substitute— “the payment services directive” means Directive 2015/2366/EU of the European Parliament and of the Council of 25th November 2015 on payment services in the internal market, amending Directives 2002/65/EC, 2009/110/EC and 2013/36/EU and Regulation (EU) No. 1093/2010, and repealing Directive 2007/64/EC;

← 1 · All articles · 3 →

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