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Banking Act 2009

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Changes over time for: Section 192

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Version Superseded: 01/04/2013

Status:

Point in time view as at 31/12/2009. This version of this provision has been superseded. Help about Status

Changes to legislation:

Banking Act 2009, Section 192 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. Help about Changes to Legislation

192Role of FSAU.K.

This section has no associated Explanatory Notes

(1)In exercising powers under this Part the Bank of England shall have regard to any action that the FSA has taken or could take.

(2)Before taking action under this Part in respect of a recognised inter-bank payment system the operator of which satisfies section 186(2), the Bank of England must consult the FSA.

(3)If the FSA gives the Bank of England notice that the FSA is considering taking action in respect of the operator of a recognised inter-bank payment system who satisfies section 186(2), the Bank may not take action under this Part in respect of the operator unless—

(a)the FSA consents, or

(b)the notice is withdrawn.

Commencement Information

I1S. 192 in force at 12.11.2009 for specified purposes and 31.12.2009 in so far as not already in force by S.I. 2009/3000, arts. 2, 4, Sch. para. 1

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