SCHEDULES
SCHEDULE 9Bank of England oversight of payment systems
PART 2Consequential amendments
Financial Services (Banking Reform) Act 2013
42
In section 113 (interpretation: other expressions), in subsection (1)—
a
in the definition of “operator” omit “inter-bank”;
b
in the definition of “recognised inter-bank payment system”—
i
omit the first “inter-bank”;
ii
for “an inter-bank” substitute “
a
”
;
c
in the definition of “the relevant system”, in paragraphs (a) and (c), omit “inter-bank”.