4(1)Section 112 (interpretation: infrastructure companies) is amended as follows.U.K.
(2)In subsection (2), omit the “or” at the end of paragraph (b) and insert—
“(ba)a person recognised for the purposes of Part 5A of the Banking Act 2009 (wholesale cash distribution) as having systemic significance, or”.
(3)In subsection (4)—
(a)in paragraph (a), for “(2)(a) or (b)” substitute “(2)(a), (b) or (ba)”;
(b)in paragraph (b), after “question” insert “or, in the case of a person falling within subsection (2)(ba), a relevant function”.
(4)In subsection (6), in paragraph (b), for “(2)(a) or (b)” substitute “(2)(a), (b) or (ba)”.
(5)After subsection (6) insert—
“(7)In subsection (4)(b), “relevant function” means a function performed by the person in relation to wholesale cash distribution.”
Commencement Information
I1Sch. 9 para. 4 in force at 29.8.2023, see s. 86(2)(d)