Point in time view as at 29/08/2023.
Banking Act 2009, Section 202 is up to date with all changes known to be in force on or before 08 March 2025. 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.
(1)Where the Bank of England notifies a person under section 201(1)(d) [F1or (1A)(d)] that the Bank intends to impose a sanction, the person may appeal to the [F2Upper Tribunal].
(2)Where the Bank of England imposes a sanction on a person without notice in reliance on section 201(3), the person [F3and, if the person is a service provider in relation to a recognised payment system [F4or recognised DSA service provider], the operator of the payment system] [F5or DSA service provider (as the case may be)], may appeal to the [F6Upper Tribunal].
[F7(3)The Bank of England may not impose a sanction while an appeal under this section could be brought or is pending.]
Textual Amendments
F1Words in s. 202(1) inserted (30.11.2017) by The Banking Act 2009 (Service Providers to Payment Systems) Order 2017 (S.I. 2017/1167), arts. 1(2), 2(22)(a)
F2Words in s. 202(1) substituted (6.4.2010) by The Transfer of Tribunal Functions Order 2010 (S.I. 2010/22), art. 1(2)(e), Sch. 2 para. 151(a) (with Sch. 5)
F3Words in s. 202(2) inserted (30.11.2017) by The Banking Act 2009 (Service Providers to Payment Systems) Order 2017 (S.I. 2017/1167), arts. 1(2), 2(22)(b)
F4Words in s. 202(2) inserted (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), s. 86(2)(a), Sch. 6 para. 30(a)
F5Words in s. 202(2) inserted (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), s. 86(2)(a), Sch. 6 para. 30(b)
F6Words in s. 202(2) substituted (6.4.2010) by The Transfer of Tribunal Functions Order 2010 (S.I. 2010/22), art. 1(2)(e), Sch. 2 para. 151(a) (with Sch. 5)
F7S. 202(3) substituted (6.4.2010) by The Transfer of Tribunal Functions Order 2010 (S.I. 2010/22), art. 1(2)(e), Sch. 2 para. 151(b) (with Sch. 5)
Modifications etc. (not altering text)
C1S. 202 applied by 2013 c. 33, s. 124A(8) (as inserted (26.6.2020) by Corporate Insolvency and Governance Act 2020 (c. 12), s. 49(1), Sch. 9 para. 49(3) (with ss. 2(2), 5(2)))
Commencement Information
I1S. 202 in force at 31.12.2009 by S.I. 2009/3000, art. 4, Sch. para. 2
The Whole Act without Schedules you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
The Whole Act without Schedules you have selected contains over 200 provisions and might take some time to download.
Would you like to continue?
All content is available under the Open Government Licence v3.0 except where otherwise stated. This site additionally contains content derived from EUR-Lex, reused under the terms of the Commission Decision 2011/833/EU on the reuse of documents from the EU institutions. For more information see the EUR-Lex public statement on re-use.
