Sch 7 para 2 Information gathering and investigations
(1) Subject to sub-paragraph (2), Part 11 of the Act (information gathering and investigations) applies to the Authority’s functions under these Regulations as it applies to its functions under the Act with the modifications set out in sub-paragraphs (3) to (16). (2) Sections 165A to 165C , 169A and 173 do not apply. (3) References to an authorised person are to be treated as references to a payment service provider. (4) References to a regulator (other than to an overseas regulator) are to be treated as references to the Authority. (5) Section 165 (Authority’s power to require information) applies as if in subsection (7) paragraphs (b), (c) and (d) were omitted. (6) Section 166 (reports by skilled persons) applies as if subsections (10) and (11) were omitted. (7) Section 166A (appointment of skilled person to collect and update information) applies as if subsection (10) were omitted. (8) Section 167 (appointment of persons to carry out general investigations) applies as if— (a) references to an investigating authority were references to the Authority; (b) references to— (i) a recognised investment exchange; and (ii) an appointed representative; were omitted; (c) in subsection (5) for “regulated activities” there were substituted “payment services as defined in regulation 2(1) of the Payment Services Regulations 2017, as amended from time to time ”; and (d) subsections (5A) and (6) were omitted. (9) Section 168 (appointment of persons to carry out investigations in particular cases) applies as if— (a) references to an investigating authority were references to the Authority; (b) in subsection (1)— (i) in paragraph (b) for “191F” to the end, there were substituted “or;”; (ii) after paragraph (b) there were inserted— (c) a person may have contravened any requirement of or imposed under the Payment Accounts Regulations 2015. (c) subsections (2), (4), (5) and (6) were omitted. (10) Section 169 (investigations etc in support of overseas regulator) applies as if— (a) references to an overseas regulator were references to a competent authority ... designated in accordance with Article 21 of the Payment Accounts Directive , as it has effect in EU law ; (b) in subsection (8) for “Part XXIII” there were substituted “sections 348, 349 and 352”; and (c) subsection (13) were omitted. (11) Section 170 (investigations: general) applies as if— (a) references to an investigating authority were references to the Authority; (b) in subsection (1) “or (5)” were omitted; (c) in subsection (3)(a) “or (4)” were omitted; (d) subsection (3)(b) were omitted; and (e) subsection (10) were omitted. (12) Section 171 (powers of persons appointed under section 167) applies as if subsections (3A) and (7) were omitted. (13) Section 172 (additional power of persons appointed as a result of section 168(1) or (4)) applies as if in subsection (4) “or (4)” were omitted. (14) Section 174 (admissibility of statements made to investigators) applies as if— (a) in subsection (2)— (i) “or in proceedings in relation to action to be taken against that person under section 123”; and (ii) “or (as the case may be) a regulator”; were omitted; (b) in subsection (3)(a) “177(4) or” were omitted; (c) in subsection (4) “or (5)” were omitted; and (d) in subsection (5) “, 173” were omitted. (15) Section 175 (information and documents: supplemental provisions) applies as if in subsection (8) “or (5)” were omitted. (16) Section 176 (entry of premises under a warrant) applies as if— (a) in subsection (1) “the Secretary of State,” were omitted; (b) in subsection (3)(a) “or an appointed representative” were omitted; (c) in subsection (10) “or (5)” were omitted; (d) in subsection (11)(a) for “87C” to “169A” there were substituted “165”; and (e) in subsection (11)(b) “, 173” were omitted.