European Union (Interchange Fees for Card-based Payment Transactions) (Amendment) Regulations 2016.
Jurisdiction | Ireland |
Citation | IR SI 292/2016 |
Year | 2016 |
Notice of the making of this Statutory Instrument was published in |
“Iris Oifigiúil” of 10th June, 2016. |
I, MICHAEL NOONAN, Minister for Finance, in exercise of the powers conferred on me by section 3 of the European Communities Act 1972 (No. 27 of 1972) and for the purpose of giving full effect to Regulation (EU) No. 751/2015 of the European Parliament and of the Council of 29 April 20151 , hereby make the following regulations: |
Citation and commencement |
1. (1) These Regulations may be cited as the European Union (Interchange Fees for Card-based Payment Transactions) (Amendment) Regulations 2016. |
(2) These Regulations shall come into operation on 9 June 2016. |
Definition |
2. In these Regulations, “Principal Regulations” means the European Union (Interchange Fees for Card-based Payment Transactions) Regulations 2015 ( S.I. No. 550 of 2015 ). |
Amendment of Regulation 2 of the Principal Regulations |
3. Regulation 2(1) of the Principal Regulations is amended— |
(a) in the definition of “microenterprise”, by substituting “paragraph (2);” for “paragraph (2).”, and |
(b) by inserting the following after the definition of “microenterprise”: |
“ ‘trader’ means— |
(a) a person who is acting for purposes related to the person’s trade, business or profession, and |
(b) a person acting on behalf of a person referred to in paragraph (a) of this definition.”. |
Amendment of Regulation 6 of the Principal Regulations |
4. The Principal Regulations are amended by substituting the following for Regulation 6: |
Competent authority for purposes of Interchange Regulation and these Regulations |
“6.(1) Subject to paragraph (2), the Bank is the competent authority in the State for the purposes of the Interchange Regulation and these Regulations. |
(2) As respects each of the following cases, namely— |
(a) a case under the second sentence of Article 8(6) of the Interchange Regulation where the payee is a trader and a payer is a consumer, and |
(b) a case under Article 10(4) of that Regulation where the payee is a trader and the payer is a consumer, |
the Competition and Consumer Protection Commission is the competent authority in the State— |
(i) for the purposes of the Interchange Regulation, and |
(ii) for the purposes of these Regulations |
so far as it relates (or they relate) to the second sentence of that Article 8(6) or to that Article 10(4). |
(3) Save as provided for in paragraph (4), the Bank shall monitor compliance with the Interchange Regulation... |
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