Part 9: Miscellaneous Section 44: Payment services and the provision of cash
This section inserts a new paragraph 3 into Schedule 1 to the PSRs. Paragraph 3 introduces the provision of cash, in certain circumstances, where there is no corresponding purchase of goods and services into the list of activities that do not constitute a payment service under those Regulations.
	Sub-paragraph (1) specifies that the activity does not include the provision of cash through an automatic teller machine. Sub-paragraph (1)(a) sets out that the provision of cash must be accompanied by a transfer of corresponding amount from a payment account, as defined by the PSRs, held by the recipient of the cash to a relevant person. Sub-paragraph (1)(b) sets out that where cash is being provided by a relevant person, that person cannot also be the one who provides the recipient’s payment account from which the transfer in sub-paragraph (1)(a) is being made.
	Sub-paragraph (2) specifies that the relevant person may be a person acting on their own behalf, for example a shop, or through other persons acting on behalf of the relevant person, such as a shop providing cash on behalf of a third-party provider.
	Sub-paragraph (3) confirms that the execution of the transfer specified in sub-paragraph (1), and other services enabling that transfer, are not excluded from the meaning of payment services by the new section. They will therefore continue to constitute a payment service for the purpose of Part 1 of Schedule 1 to the PSRs.