Clause 121

In this Part, unless the context otherwise requires —“appointed day” means the date of commencement of section 108;“approved bank” and “approved holder” have the meanings given by section 2(1) of the PSOA;“MCRBA” means the Money‑changing and Remittance Businesses Act as in force immediately before the appointed day;“money‑changer’s licence” has the meaning given by section 2(1) of the MCRBA;“PSOA” means the Payment Systems (Oversight) Act as in force immediately before the appointed day;“remittance licence” has the meaning given by section 2(1) of the MCRBA;“stored value facility” has the meaning given by section 2(1) of the PSOA.