Textual Amendments
F1Word in Pt. 5 heading omitted (27.6.2017) by virtue of Digital Economy Act 2017 (c. 30), s. 118(2), Sch. 9 para. 2
F2Words in Pt. 5 heading inserted (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), s. 86(2)(a), Sch. 6 para. 2
Textual Amendments
F3Words in s. 184 cross-heading inserted (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), s. 86(2)(a), Sch. 6 para. 6
(1)The Treasury may by order (“recognition order”) specify [F5a] payment system as a recognised system for the purposes of this Part.
(2)A recognition order must specify in as much detail as is reasonably practicable the arrangements which constitute the F6... payment system.
(3)The Treasury may not specify [F7a payment] system operated solely by the Bank of England.
[F8(4)See section 206A for the power to specify in a recognition order a person as a person who provides services that form part of the arrangements constituting [F9or connected with] the recognised system.]
Textual Amendments
F4Words in s. 184 heading inserted (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), s. 86(2)(a), Sch. 6 para. 7
F5Word in s. 184(1) substituted (27.6.2017) by Digital Economy Act 2017 (c. 30), s. 118(2), Sch. 9 para. 6(2)
F6Word in s. 184(2) omitted (27.6.2017) by virtue of Digital Economy Act 2017 (c. 30), s. 118(2), Sch. 9 para. 6(3)
F7Words in s. 184(3) substituted (27.6.2017) by Digital Economy Act 2017 (c. 30), s. 118(2), Sch. 9 para. 6(4)
F8S. 184(4) inserted (30.11.2017) by The Banking Act 2009 (Service Providers to Payment Systems) Order 2017 (S.I. 2017/1167), arts. 1(2), 2(4)
F9Words in s. 184(4) inserted (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), s. 86(2)(a), Sch. 6 para. 8
Commencement Information
I1S. 184 in force at 4.8.2009 by S.I. 2009/2038, art. 2, Sch. para. 3