182Interpretation: “F1... payment system”U.K.
(1)In this Part “term-inter-bank-payment-system F2... payment system” means arrangements designed to facilitate or control the transfer of money F3....
[F4(1A)But “payment system” does not include any arrangements for the physical movement of cash.]
F5(2). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F5(3). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(4)In subsection (1) “money” includes credit.
(5)A system is F6... payment system for the purposes of this Part whether or not it operates wholly or partly in relation to persons or places outside the United Kingdom.
Textual Amendments
F1Word in s. 182 heading omitted (27.6.2017) by virtue of Digital Economy Act 2017 (c. 30), s. 118(2), Sch. 9 para. 4(6)
F2Word in s. 182(1) omitted (27.6.2017) by virtue of Digital Economy Act 2017 (c. 30), s. 118(2), Sch. 9 para. 4(2)(a)
F3Words in s. 182(1) omitted (27.6.2017) by virtue of Digital Economy Act 2017 (c. 30), s. 118(2), Sch. 9 para. 4(2)(b)
F4S. 182(1A) inserted (27.6.2017) by Digital Economy Act 2017 (c. 30), s. 118(2), Sch. 9 para. 4(3)
F5S. 182(2)(3) omitted (27.6.2017) by virtue of Digital Economy Act 2017 (c. 30), s. 118(2), Sch. 9 para. 4(4)
F6Word in s. 182(5) substituted (27.6.2017) by Digital Economy Act 2017 (c. 30), s. 118(2), Sch. 9 para. 4(5)
Commencement Information
I1S. 182 in force at 4.8.2009 by S.I. 2009/2038, art. 2, Sch. para. 2