Banking Act 2009

196Compliance failureU.K.

This section has no associated Explanatory Notes

In this Part β€œcompliance failure” means a failure by the operator of a recognised inter-bank payment system toβ€”

(a)comply with a code of practice under section 189,

(b)comply with a requirement under section 190,

(c)comply with a direction under section 191, or

(d)ensure compliance with a requirement under section 195.

Commencement Information

I1S. 196 in force at 31.12.2009 by S.I. 2009/3000, art. 4, Sch. para. 2