Clause 110

by deleting the words “section 12A of the Money‑changing and Remittance Businesses Act (Cap. 187), section 22 of the Payment Systems (Oversight) Act (Cap. 222A)” in section 145(6)(b) and substituting the words “section 35 or 66 of the Payment Services Act 2019”;

by deleting paragraph (d) of section 377(14);

by deleting paragraphs (n) and (o) of section 377(14) and substituting the following paragraphs:“(n)an operator of a payment system designated under section 42 of the Payment Services Act 2019;

a person that has in force a licence granted under section 6 of the Payment Services Act 2019 that entitles the person to carry on a business of providing one or more of the following payment services:

a cross‑border money transfer service;

a domestic money transfer service;

an e‑money issuance service;

a merchant acquisition service.”; and

by deleting sub-paragraph (i) of paragraph 2(a) of the Fourteenth Schedule.