SCHEDULEU.K.Application and modification of legislation

PART 1 U.K.Application and modification of the 2000 Act

Restriction on disclosure of informationU.K.

4.  Sections 348, 349 and 352 of the 2000 Act apply with the following modifications—

(a)in section 348—

(i)in subsection (2)(b) for the words from “, the competent authority” to the end substitute “ under the Payments in Euro (Credit Transfers and Direct Debits) Regulations 2012. ”;

(ii)in subsection (3)(a) for “this Act” substitute “ the Payments in Euro (Credit Transfers and Direct Debits) Regulations 2012 ”;

(iii)in subsection (5)—

(aa)for “this Part”, substitute “ the Payments in Euro (Credit Transfers and Direct Debits) Regulations 2012 ”;

(bb)omit paragraphs (b) and (c);

(cc)in paragraph (d), omit “to collect or update information under section 139E or”;

(dd)in paragraph (e) for “paragraphs (a) to (c)” substitute “ paragraph (a) ”; and

(ee)in paragraph (f), for “those paragraphs” substitute “ that paragraph ”;

(iv)in subsection (6)—

(aa)omit paragraphs (a) and (b); and

(bb)in paragraph (c) for “paragraph 6 of Schedule 1” substitute “ regulation 4(2) of the Payments in Euro (Credit Transfers and Direct Debits) Regulations 2012 ”; and

(b)in section 349 omit subsections (3A) and (3B).