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Banking Act 2009
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Changes over time for: Section 183
Changes to legislation:
Banking Act 2009, Section 183 is up to date with all changes known to be in force on or before 18 November 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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Whole provisions yet to be inserted into this Act (including any effects on those provisions):
- s. 4(8A) (8B) inserted by 2012 c. 21 s. 96(3)
- s. 8(2)(d) and word inserted by 2012 c. 21 s. 96(4)(b)
183Interpretation: other expressionsU.K.
This section has no associated Explanatory Notes
In this Part—
(a)a reference to the “operator” of [F1a] payment system is a reference to any person with responsibility under the system for managing or operating it,
(b)a reference to the operation of a system includes a reference to its management,
[F2(ba)a reference to a “service provider” is to be construed in accordance with section 206A(2),]
(c)“the UK financial system” has the meaning given F3... by [F4section 1I] of the Financial Services and Markets Act 2000 F5...,
(d)a reference to the Bank of England's role as a monetary authority is to be construed in accordance with section 244(2)(c),
[F6(e)the FCA” means the Financial Conduct Authority,
(f)“Part 4A permission” has the meaning given by section 55A of the Financial Services and Markets Act 2000,
(g)“the PRA” means the Prudential Regulation Authority,
(h)“PRA-regulated activity” has the meaning given by section 22A of the Financial Services and Markets Act 2000, F7...
(i)“recognised investment exchange” has the meaning given by section 285 of that Act.]
[F8(j)“the Payment Systems Regulator” means the Payment Systems Regulator established under section 40 of the Financial Services (Banking Reform) Act 2013, and
(k)in sections 188 to 199 (regulation and enforcement), references to the provision of services by a service provider to a payment system [F9or to a DSA service provider] include references to—
(i)services provided by the service provider which form part of the arrangements constituting [F10, or connected with,] the system, and
(ii)the service provider’s arrangements for governance or risk management, or for any other matters which may affect the provision of the services by the service provider.]
Textual Amendments
F1Word in s. 183(a) substituted (27.6.2017) by Digital Economy Act 2017 (c. 30), s. 118(2), Sch. 9 para. 5
F2S. 183(ba) inserted (30.11.2017) by The Banking Act 2009 (Service Providers to Payment Systems) Order 2017 (S.I. 2017/1167), arts. 1(2), 2(3)(a)
F3Words in s. 183(c) omitted (8.4.2010) by virtue of Financial Services Act 2010 (c. 28), s. 26(1)(l), Sch. 2 para. 44
F4Words in s. 183(c) substituted (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 17 para. 53(2)(a) (with Sch. 20); S.I. 2013/423, art. 3, Sch.
F5Words in s. 183(c) omitted (1.4.2013) by virtue of Financial Services Act 2012 (c. 21), s. 122(3), Sch. 17 para. 53(2)(b) (with Sch. 20); S.I. 2013/423, art. 3, Sch.
F6S. 183(e)-(i) substituted for s. 183(e) (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 17 para. 53(3) (with Sch. 20); S.I. 2013/423, art. 3, Sch.
F7Word in s. 183 omitted (30.11.2017) by virtue of The Banking Act 2009 (Service Providers to Payment Systems) Order 2017 (S.I. 2017/1167), arts. 1(2), 2(3)(b)
F8S. 183(j)(k) inserted (30.11.2017) by The Banking Act 2009 (Service Providers to Payment Systems) Order 2017 (S.I. 2017/1167), arts. 1(2), 2(3)(c)
F9Words in s. 183(k) inserted (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), s. 86(2)(a), Sch. 6 para. 5(2)
F10Words in s. 183(k)(i) inserted (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), s. 86(2)(a), Sch. 6 para. 5(3)
Commencement Information
I1S. 183 in force at 4.8.2009 by S.I. 2009/2038, art. 2, Sch. para. 2
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