Banking Act 2009 (c. 1)

Part 5 U.K. Inter-Bank Payment Systems

Recognised systems U.K.

184 Recognition order U.K.

(1) The Treasury may by order (“recognition order”) specify an inter-bank payment system as a recognised system for the purposes of this Part.

(2) A recognition order must specify in as much detail as is reasonably practicable the arrangements which constitute the inter-bank payment system.

(3) The Treasury may not specify an inter-bank system operated solely by the Bank of England.

Commencement Information

I1 S. 184 in force at 4.8.2009 by S.I. 2009/2038, art. 2, Sch. para. 3