Section 19

Regulations 7 to 12 apply to registration as an account information service provider as they apply to authorisation as a payment institution, but as if— references to authorisation were references to registration; in regulation 7 (imposition of requirements), paragraph (4) were omitted; in regulation 8 (variation at request of authorised payment institution)— for “an authorised payment institution” there were substituted “ registered account information service provider ”; paragraphs (a) and (b) were omitted; and for “provided that” to the end there were substituted “ provided that the conditions set out in regulation 18(3) and (4) are being or are likely to be met. ”; in regulation 10(1) (cancellation of authorisation) for sub-paragraph (e) there were substituted— the person does not meet, or is unlikely to meet, the conditions set out in regulation 18(3) and (4); in regulation 12(1) (variation of authorisation on FCA's own initiative) for sub-paragraph (a) there were substituted— the person does not meet, or is unlikely to meet, the conditions set out in regulation 18(3) and (4);

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