Part 5Inter-Bank Payment Systems

Introduction

183Interpretation: other expressions

In this Part—

(a)

a reference to the “operator” of an inter-bank 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,

(c)

“the UK financial system” has the meaning given F1... by F2section 1I of the Financial Services and Markets Act 2000 F3...,

(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),

F4(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, and

(i)

“recognised investment exchange” has the meaning given by section 285 of that Act.