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Section 154(2)

During the period described in paragraph (3)— the person may continue to provide the services without a new authorisation or registration, or a variation of an authorisation, in respect of the services, and services provided as permitted by sub-paragraph (a) are to be treated for the purposes of these Regulations and the Electronic Money Regulations 2011 as if they were not account information services or payment initiation services.

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