HM Treasury written question – answered at on 22 November 2016.
To ask Mr Chancellor of the Exchequer, what assessment he has made of the potential effect of the UK leaving the EU on (a) the timetable for the implementation of the Second Payment Services Directive and (b) date on which regulations arising from that Directive will be laid before Parliament.
The UK remains a full member of the European Union and all the rights and obligations of EU membership remain in force, until exit negotiations have concluded. During this period the Government will continue to negotiate, implement and apply EU legislation.
The Government expects to lay the implementing legislation to transpose the revised Payment Services Directive (PSDII) in Parliament in early 2017 and will be consulting on the draft legislation shortly.
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