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Statutory Instruments

2015 No. 487

Financial Services And Markets

The Payment to Treasury of Penalties (Enforcement Costs of the Payment Systems Regulator) Order 2015

Made

4th March 2015

Laid before Parliament

5th March 2015

Coming into force

1st April 2015

The Treasury make the following Order in exercise of the powers conferred by paragraph 10(4)(b) and (5)(b) of Schedule 4 to the Financial Services (Banking Reform) Act 2013(1).

Citation, commencement and interpretationI1

1.—(1) This Order may be cited as the Payment to Treasury of Penalties (Enforcement Costs of the Payment Systems Regulator) Order 2015 and comes into force on 1st April 2015.

(2) In this Order—

“the 2013 Act” means the Financial Services (Banking Reform) Act 2013 ;

F1...

Enforcement powersI2

2. The following enactments are specified for the purpose of paragraph 10(4)(b) of Schedule 4 to the 2013 Act (penalty receipts: the Payment Systems Regulator’s enforcement powers)—

(a)sections 31E (enforcement of commitments), 34 (enforcement of directions), 36 (penalties) and 40A (penalties: failure to comply with requirements) of the Competition Act 1998 (as applied by section 61 of the 2013 Act)(2);

(b)section 174A of the Enterprise Act 2002 (enforcement of powers under section 174: general)(3) (as applied by section 59 of the 2013 Act);

(c)section 80 of the 2013 Act (enforcement of requirement to dispose of interest in payment system);

F2(d). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Relevant offencesI3

3. The following offences are specified for the purposes of paragraph 10(5)(b) of Schedule 4 to the 2013 Act (penalty receipts: relevant offences)—

(a)an offence under Part 1 of the Competition Act 1998;

(b)an offence under Part 4 of the Enterprise Act 2002;

F3(c). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Mark Lancaster

Harriett Baldwin

Two of the Lords Commissioners of Her Majesty’s Treasury

4th March 2015

(2)

1998 c. 41. Section 31E was inserted by S.I. 2004/1261 and amended by paragraph 15 of Schedule 5 to the Enterprise and Regulatory Reform Act 2013 (c. 24). Section 34 was amended by paragraph 18 of Schedule 5 to the Enterprise and Regulatory Reform Act 2013. Section 36 was amended by paragraph 38 of Schedule 25 to the Enterprise Act 2002 (c. 40), section 44 of, and paragraph 20 of Schedule 5 to, the Enterprise and Regulatory Reform Act 2013, and by S.I. 2004/1261 and 2012/1809. Section 40A was inserted by section 40 of the Enterprise and Regulatory Reform Act 2013.

(3)

2002 c. 40. Section 174A was inserted by paragraph 1 of Schedule 11 to the Enterprise and Regulatory Reform Act 2013.

Status: There are currently no known outstanding effects for The Payment to Treasury of Penalties (Enforcement Costs of the Payment Systems Regulator) Order 2015.
The Payment to Treasury of Penalties (Enforcement Costs of the Payment Systems Regulator) Order 2015 (2015/487)
Version from: 13 January 2018

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Status of this instrument

in force Provision is in force
in force* In force only for specified purposes (for detail about the purposes see/hover footnote)
not in force Not in force in England (may be in force in other geographies, see footnotes)
italics Defined term
dfn Defined term (alternative style)
gry bckgrd the in-force status of the provision is complex, check the footnotes
footnote commentary transitional and savings in force status related provisions geo extent insert/omit source count in force adj
F1 Words in art. 1(2) omitted (13.1.2018) by virtue of The Payment Services Regulations 2017 (S.I. 2017/752), reg. 1(6), Sch. 8 para. 21(a) (with reg. 3) this amendment (text omitted) should be read in conjunction with other related provisions, see the commentary. omitted
F2 Art. 2(d) omitted (13.1.2018) by virtue of The Payment Services Regulations 2017 (S.I. 2017/752), reg. 1(6), Sch. 8 para. 21(b) (with reg. 3) this amendment (text omitted) should be read in conjunction with other related provisions, see the commentary. omitted
F3 Art. 3(c) omitted (13.1.2018) by virtue of The Payment Services Regulations 2017 (S.I. 2017/752), reg. 1(6), Sch. 8 para. 21(c) (with reg. 3) this amendment (text omitted) should be read in conjunction with other related provisions, see the commentary. omitted
I1 Art. 1 in force at 1.4.2015, see art. 1(1)
I2 Art. 2 in force at 1.4.2015, see art. 1(1)
I3 Art. 3 in force at 1.4.2015, see art. 1(1)
Defined Term Section/Article ID Scope of Application
the 2013 Act art. 1. def_b999dc7e8a

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