Section 136(2)

For the purposes of these Regulations section 104 of the 2013 Act (consultation in relation to generally applicable requirements) applies as if— in subsection (1)— the reference in paragraph (a) to a general direction under section 54 of that Act were a reference to a general direction under regulation 125 (directions); paragraph (b) were omitted; in subsection (3)(c), the reference to the Payment Systems Regulator's duties under section 49 were a reference to the Payment Systems Regulator's duties under regulation 124(2) and (3) (duties to maintain arrangements for monitoring and enforcement and to have regard to regulatory principles); and in subsection (10), the reference to regulated payment systems were a reference to regulated persons.

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