[206AServices forming part of recognised ... payment systemsU.K.
This section has no associated Explanatory Notes
(1)The Treasury may by order make provision applying any provision of this Part to persons who are service providers in relation to a recognised ... payment system.
(2)A person is a service provider in relation to a recognised ... payment system if—
(a)the person provides services that form part of the arrangements constituting the system, and
(b)the person is specified as a person within paragraph (a) by the Treasury in the recognition order made in respect of the system.
(3)Telecommunication or information technology services are examples of the kind of services that may fall within subsection (2)(a).
(4)Before specifying persons under subsection (2)(b), the Treasury must—
(a)consult the Bank of England [, the Payment Systems Regulator] [, the FCA and the PRA],
(b)notify the operator of the system and the persons whom the Treasury proposes to specify, and
(c)consider any representations made.
(5)The Treasury may not specify the Bank of England under subsection (2)(b).
(6)Before making an order under subsection (1), the Treasury must consult—
(a)the Bank of England,
[(b)the FCA,
(ba)the PRA, and]
(c)such other persons as the Treasury consider appropriate.
(7)An order under subsection (1)—
(a)may modify any provision of this Part in its application to persons who are service providers in relation to a recognised ... payment system;
(b)may (but need not) take the form of textual amendment.
(8)An order under subsection (1)—
(a)is to be made by statutory instrument, and
(b)may not be made unless a draft has been laid before and approved by resolution of each House of Parliament.]