202AppealU.K.
(1)Where the Bank of England notifies a person under section 201(1)(d) [F1or (1A)(d)] that the Bank intends to impose a sanction, the person may appeal to the [F2Upper Tribunal].
(2)Where the Bank of England imposes a sanction on a person without notice in reliance on section 201(3), the person [F3and, if the person is a service provider in relation to a recognised payment system [F4or recognised DSA service provider], the operator of the payment system] [F5or DSA service provider (as the case may be)], may appeal to the [F6Upper Tribunal].
[F7(3)The Bank of England may not impose a sanction while an appeal under this section could be brought or is pending.]
Textual Amendments
F1Words in s. 202(1) inserted (30.11.2017) by The Banking Act 2009 (Service Providers to Payment Systems) Order 2017 (S.I. 2017/1167), arts. 1(2), 2(22)(a)
F2Words in s. 202(1) substituted (6.4.2010) by The Transfer of Tribunal Functions Order 2010 (S.I. 2010/22), art. 1(2)(e), Sch. 2 para. 151(a) (with Sch. 5)
F3Words in s. 202(2) inserted (30.11.2017) by The Banking Act 2009 (Service Providers to Payment Systems) Order 2017 (S.I. 2017/1167), arts. 1(2), 2(22)(b)
F4Words in s. 202(2) inserted (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), s. 86(2)(a), Sch. 6 para. 30(a)
F5Words in s. 202(2) inserted (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), s. 86(2)(a), Sch. 6 para. 30(b)
F6Words in s. 202(2) substituted (6.4.2010) by The Transfer of Tribunal Functions Order 2010 (S.I. 2010/22), art. 1(2)(e), Sch. 2 para. 151(a) (with Sch. 5)
F7S. 202(3) substituted (6.4.2010) by The Transfer of Tribunal Functions Order 2010 (S.I. 2010/22), art. 1(2)(e), Sch. 2 para. 151(b) (with Sch. 5)
Modifications etc. (not altering text)
C1S. 202 applied by 2013 c. 33, s. 124A(8) (as inserted (26.6.2020) by Corporate Insolvency and Governance Act 2020 (c. 12), s. 49(1), Sch. 9 para. 49(3) (with ss. 2(2), 5(2)))
Commencement Information
I1S. 202 in force at 31.12.2009 by S.I. 2009/3000, art. 4, Sch. para. 2