Section 135(1)

Sections 81 to 93 of the 2013 Act (information and investigation powers and disclosure of information) apply for the purposes of the Payment Systems Regulator's functions under these Regulations as if— references to Part 5 of the 2013 Act were references to these Regulations; references to a participant in a regulated payment system were references to a regulated person; references to a compliance failure were references to a compliance failure as defined in regulation 123 (interpretation of this Part); in section 81 (power to obtain information or documents)— subsection (1)(a) were omitted in subsection (1)(b), “otherwise” were omitted; and after subsection (3) there were inserted— A notice under subsection (1) requiring information must specify the purpose for which the information is required and the time within which the information is to be provided. in section 82(1) (reports by skilled persons) the reference to participation in a payment system were a reference to compliance with the qualifying requirements; in section 83 (appointment of persons to conduct investigations), subsection (1) were omitted; in section 90 (enforcement of information and investigation powers)— in subsection (7)(a)(i) for “the general limit in a magistrates’ court (or 6 months, if the offence was committed before 2nd May 2022)” there were substituted “ 3 months ”; in subsection (7)(a)(iii) for “6 months” there were substituted “ 3 months ”; and in subsection (8)(a) for “51 weeks (or 3 months, if the offence was committed before the commencement of section 280(2) of the Criminal Justice Act 2003)” there were substituted “ 3 months ”; in section 91 (restrictions on disclosure of confidential information), subsection (6) were omitted; and in section 93 (offences relating to disclosure of confidential information), in subsection (4)(a) for “51 weeks (or 3 months, if the offence was committed before the commencement of section 280(2) of the Criminal Justice Act 2003)” there were substituted “ 3 months ”.

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