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authorised payment institution

(in accordance with regulation 2(1) of the Payment Services Regulations):141

  1. (a) a person authorised as a payment institution pursuant to regulation 6 of the Payment Services Regulations (conditions for authorisation as a payment institution) and included by the FCA in the Financial Services Register as an authorised payment institution pursuant to regulation 4(1)(a) of the Payment Services Regulations (the register of certain payment service providers); or141
  2. (b) a person included by the FCA in the Financial Services Register pursuant to regulation 150 or 152(2), and 153(1) of the Payment Services Regulations (Transitional and saving provisions: authorised payment institutions).141