ECSH64065 - Regulation 61 - Interpretation
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Category Heading |
Description |
|---|---|
|
The Law |
https://www.legislation.gov.uk/uksi/2017/692/regulation/61 |
|
What it means |
To determine who the supervisory authority for payment service
providers, officers will need to review Regulation 62 of the MLRs. |
|
Purpose |
Provides a short description of where in the MLR, the supervision
authority for payment service providers can be found in relation to the funds
transfer regulations. |
|
Time Line |
1 January 2007 – Regulation EC 1781/2006 15th December 2007 - MLR 2007 26 June 2017 - REGULATION (EU) 2015/847 26th June 2017 – MLR 2017 |
|
What to establish |
Nil as this regulation is interpretation |
|
How to test compliance and evidence to obtain |
Nil as this regulation is interpretation |
|
Best Practice |
Nil as this regulation is interpretation |
|
AMP |
Not Relevant to this sector |
|
ASP |
Not Relevant to this sector |
|
EAB |
Not Relevant to this sector |
|
LAB |
Not Relevant to this sector |
|
HVD |
Not Relevant to this sector |
|
MSB |
Nil as this regulation is interpretation |
|
TCSP |
Not Relevant to this sector |
|
Further Reading |
Reg 62. Transfer of funds supervisory authorities |
|
Reg 63. Duties of transfer of funds supervisory
authorities | |
|
Reg 64. Obligations of payment service providers | |
|
Reg 54 – Duty to maintain registers of certain
relevant persons | |
|
The Money Laundering and Transfer of Funds
(Information) (Amendment) (EU Exit) Regulations 2019 | |
|
Regulation EC 1781/2006 – Information of payer
Transfer of Funds Regulations | |
|
REGULATION
(EU) 2015/847 – Information of payer Transfer of funds regulations | |
|
Payment Services Regulations 2009 | |
|
Payment
Services Regulations 2017 |