Banking Act 2009

203FeesU.K.

This section has no associated Explanatory Notes

(1)The Bank of England may require operators of recognised inter-bank payment systems to pay fees.

(2)A requirement under subsection (1) must relate to a scale of fees approved by the Treasury by regulations.

(3)Regulations under subsection (2)—

(a)shall be made by statutory instrument, and

(b)shall be subject to annulment in pursuance of a resolution of either House of Parliament.

(4)A requirement under subsection (1) may be enforced by the Bank as a debt.

Commencement Information

I1S. 203 in force at 12.11.2009 for specified purposes by S.I. 2009/3000, arts. 2, 4, Sch. para. 3