Words in s. 206A(4)(a) inserted (30.11.2017) by The Banking Act 2009 (Service Providers to Payment Systems) Order 2017 (S.I. 2017/1167), arts. 1(2), 2(28)

Word in s. 206A heading omitted (27.6.2017) by virtue of Digital Economy Act 2017 (c. 30), s. 118(2), Sch. 9 para. 28

S. 206A(6)(b)(ba) substituted for s. 206A(6)(b) (1.4.2013) by Financial Services Act 2012 (c. 21), ss. 104(10)(b), 122(3) (with Sch. 20); S.I. 2013/423, art. 3, Sch.

Word in s. 206A(2) omitted (27.6.2017) by virtue of Digital Economy Act 2017 (c. 30), s. 118(2), Sch. 9 para. 28

Word in Pt. 5 heading omitted (27.6.2017) by virtue of Digital Economy Act 2017 (c. 30), s. 118(2), Sch. 9 para. 2

Words in s. 206A(4)(a) substituted (1.4.2013) by Financial Services Act 2012 (c. 21), ss. 104(10)(a), 122(3) (with Sch. 20); S.I. 2013/423, art. 3, Sch.

Word in s. 206A(1) omitted (27.6.2017) by virtue of Digital Economy Act 2017 (c. 30), s. 118(2), Sch. 9 para. 28

Word in s. 206A(7)(a) omitted (27.6.2017) by virtue of Digital Economy Act 2017 (c. 30), s. 118(2), Sch. 9 para. 28

S. 206A inserted (8.4.2010) by Financial Services Act 2010 (c. 28), ss. 20, 26(1)(f)

http://www.legislation.gov.uk/ukpga/2009/1/section/206A/2020-12-31Banking Act 2009An Act to make provision about banking.texttext/xmlenStatute Law Database2024-05-18Expert Participation2020-12-31Part 5... Payment SystemsMiscellaneous
206AServices forming part of recognised ... payment systems1

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.

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<note class="commentary F" eId="key-0488994a9a0d6f10cedb0c019c12f00f">
<p>
Words in
<ref href="http://www.legislation.gov.uk/id/ukpga/2009/1/section/206A/4/a">s. 206A(4)(a)</ref>
inserted (30.11.2017) by
<ref href="http://www.legislation.gov.uk/id/uksi/2017/1167">The Banking Act 2009 (Service Providers to Payment Systems) Order 2017 (S.I. 2017/1167)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2017/1167/article/1/2">arts. 1(2)</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2017/1167/article/2/28">2(28)</ref>
</p>
</note>
<note class="commentary F" eId="key-05d7ba59255dad067eeb688856f18f55">
<p>
Word in s. 206A heading omitted (27.6.2017) by virtue of
<ref href="http://www.legislation.gov.uk/id/ukpga/2017/30">Digital Economy Act 2017 (c. 30)</ref>
,
<ref href="http://www.legislation.gov.uk/id/ukpga/2017/30/section/118/2">s. 118(2)</ref>
,
<ref href="http://www.legislation.gov.uk/id/ukpga/2017/30/schedule/9/paragraph/28">Sch. 9 para. 28</ref>
</p>
</note>
<note class="commentary F" eId="key-106d14a055d4071096fa8e7683f39992">
<p>
S. 206A(6)(b)(ba) substituted for s. 206A(6)(b) (1.4.2013) by
<ref href="http://www.legislation.gov.uk/id/ukpga/2012/21">Financial Services Act 2012 (c. 21)</ref>
,
<ref href="http://www.legislation.gov.uk/id/ukpga/2012/21/section/104/10/b">ss. 104(10)(b)</ref>
,
<ref href="http://www.legislation.gov.uk/id/ukpga/2012/21/section/122/3">122(3)</ref>
(with
<ref href="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/20">Sch. 20</ref>
);
<ref href="http://www.legislation.gov.uk/id/uksi/2013/423">S.I. 2013/423</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2013/423/article/3">art. 3</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2013/423/schedule">Sch.</ref>
</p>
</note>
<note class="commentary F" eId="key-1312945c9e2fa0a3cea319b740e4c014">
<p>
Word in s. 206A(2) omitted (27.6.2017) by virtue of
<ref href="http://www.legislation.gov.uk/id/ukpga/2017/30">Digital Economy Act 2017 (c. 30)</ref>
,
<ref href="http://www.legislation.gov.uk/id/ukpga/2017/30/section/118/2">s. 118(2)</ref>
,
<ref href="http://www.legislation.gov.uk/id/ukpga/2017/30/schedule/9/paragraph/28">Sch. 9 para. 28</ref>
</p>
</note>
<note class="commentary F" eId="key-2e568712c058f911951f9ff34916ca00">
<p>
Word in
<ref href="http://www.legislation.gov.uk/id/ukpga/2009/1/part/5">Pt. 5</ref>
heading omitted (27.6.2017) by virtue of
<ref href="http://www.legislation.gov.uk/id/ukpga/2017/30">Digital Economy Act 2017 (c. 30)</ref>
,
<ref href="http://www.legislation.gov.uk/id/ukpga/2017/30/section/118/2">s. 118(2)</ref>
,
<ref href="http://www.legislation.gov.uk/id/ukpga/2017/30/schedule/9/paragraph/2">Sch. 9 para. 2</ref>
</p>
</note>
<note class="commentary F" eId="key-4ebf3717211b07b19064c2ab1b685b3c">
<p>
Words in s. 206A(4)(a) substituted (1.4.2013) by
<ref href="http://www.legislation.gov.uk/id/ukpga/2012/21">Financial Services Act 2012 (c. 21)</ref>
,
<ref href="http://www.legislation.gov.uk/id/ukpga/2012/21/section/104/10/a">ss. 104(10)(a)</ref>
,
<ref href="http://www.legislation.gov.uk/id/ukpga/2012/21/section/122/3">122(3)</ref>
(with
<ref href="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/20">Sch. 20</ref>
);
<ref href="http://www.legislation.gov.uk/id/uksi/2013/423">S.I. 2013/423</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2013/423/article/3">art. 3</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2013/423/schedule">Sch.</ref>
</p>
</note>
<note class="commentary F" eId="key-54147661466fa3d6766df73b6f2926c4">
<p>
Word in s. 206A(1) omitted (27.6.2017) by virtue of
<ref href="http://www.legislation.gov.uk/id/ukpga/2017/30">Digital Economy Act 2017 (c. 30)</ref>
,
<ref href="http://www.legislation.gov.uk/id/ukpga/2017/30/section/118/2">s. 118(2)</ref>
,
<ref href="http://www.legislation.gov.uk/id/ukpga/2017/30/schedule/9/paragraph/28">Sch. 9 para. 28</ref>
</p>
</note>
<note class="commentary F" eId="key-cee20077fd902a25ab4f7af829844fbf">
<p>
Word in s. 206A(7)(a) omitted (27.6.2017) by virtue of
<ref href="http://www.legislation.gov.uk/id/ukpga/2017/30">Digital Economy Act 2017 (c. 30)</ref>
,
<ref href="http://www.legislation.gov.uk/id/ukpga/2017/30/section/118/2">s. 118(2)</ref>
,
<ref href="http://www.legislation.gov.uk/id/ukpga/2017/30/schedule/9/paragraph/28">Sch. 9 para. 28</ref>
</p>
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<note class="commentary F" eId="key-fd3c34e07ee237ac93f302b4a737b7d5">
<p>
S. 206A inserted (8.4.2010) by
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,
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,
<ref href="http://www.legislation.gov.uk/id/ukpga/2010/28/section/26/1/f">26(1)(f)</ref>
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<num>
<strong>Part 5</strong>
</num>
<heading>
<noteRef href="#key-2e568712c058f911951f9ff34916ca00" marker="F5" class="commentary F"/>
... Payment Systems
</heading>
<hcontainer name="crossheading" eId="part-5-crossheading-miscellaneous" period="#period4">
<heading>
<em>Miscellaneous</em>
</heading>
<section eId="section-206A" period="#period1">
<num>
<ins class="key-fd3c34e07ee237ac93f302b4a737b7d5-1462879739265">206A</ins>
</num>
<heading>
<ins class="key-fd3c34e07ee237ac93f302b4a737b7d5-1462879739265 first">
<noteRef href="#key-fd3c34e07ee237ac93f302b4a737b7d5" marker="F9" class="commentary attribute F"/>
Services forming part of recognised
</ins>
<noteRef href="#key-05d7ba59255dad067eeb688856f18f55" marker="F2" class="commentary F"/>
<ins class="key-fd3c34e07ee237ac93f302b4a737b7d5-1462879739265">... payment systems</ins>
</heading>
<subsection eId="section-206A-1">
<num>
<ins class="key-fd3c34e07ee237ac93f302b4a737b7d5-1462879739265">1</ins>
</num>
<content>
<p>
<ins class="key-fd3c34e07ee237ac93f302b4a737b7d5-1462879739265">The Treasury may by order make provision applying any provision of this Part to persons who are service providers in relation to a recognised </ins>
<noteRef href="#key-54147661466fa3d6766df73b6f2926c4" marker="F7" class="commentary F"/>
<ins class="key-fd3c34e07ee237ac93f302b4a737b7d5-1462879739265">... payment system.</ins>
</p>
</content>
</subsection>
<subsection eId="section-206A-2">
<num>
<ins class="key-fd3c34e07ee237ac93f302b4a737b7d5-1462879739265">2</ins>
</num>
<intro>
<p>
<ins class="key-fd3c34e07ee237ac93f302b4a737b7d5-1462879739265">A person is a service provider in relation to a recognised </ins>
<noteRef href="#key-1312945c9e2fa0a3cea319b740e4c014" marker="F4" class="commentary F"/>
<ins class="key-fd3c34e07ee237ac93f302b4a737b7d5-1462879739265">... payment system if—</ins>
</p>
</intro>
<paragraph eId="section-206A-2-a">
<num>
<ins class="key-fd3c34e07ee237ac93f302b4a737b7d5-1462879739265">a</ins>
</num>
<content>
<p>
<ins class="key-fd3c34e07ee237ac93f302b4a737b7d5-1462879739265">the person provides services that form part of the arrangements constituting the system, and</ins>
</p>
</content>
</paragraph>
<paragraph eId="section-206A-2-b">
<num>
<ins class="key-fd3c34e07ee237ac93f302b4a737b7d5-1462879739265">b</ins>
</num>
<content>
<p>
<ins class="key-fd3c34e07ee237ac93f302b4a737b7d5-1462879739265">the person is specified as a person within paragraph (a) by the Treasury in the recognition order made in respect of the system.</ins>
</p>
</content>
</paragraph>
</subsection>
<subsection eId="section-206A-3">
<num>
<ins class="key-fd3c34e07ee237ac93f302b4a737b7d5-1462879739265">3</ins>
</num>
<content>
<p>
<ins class="key-fd3c34e07ee237ac93f302b4a737b7d5-1462879739265">Telecommunication or information technology services are examples of the kind of services that may fall within subsection (2)(a).</ins>
</p>
</content>
</subsection>
<subsection eId="section-206A-4">
<num>
<ins class="key-fd3c34e07ee237ac93f302b4a737b7d5-1462879739265">4</ins>
</num>
<intro>
<p>
<ins class="key-fd3c34e07ee237ac93f302b4a737b7d5-1462879739265">Before specifying persons under subsection (2)(b), the Treasury must—</ins>
</p>
</intro>
<paragraph eId="section-206A-4-a">
<num>
<ins class="key-fd3c34e07ee237ac93f302b4a737b7d5-1462879739265">a</ins>
</num>
<content>
<p>
<ins class="key-fd3c34e07ee237ac93f302b4a737b7d5-1462879739265">consult the Bank of England </ins>
<ins class="key-fd3c34e07ee237ac93f302b4a737b7d5-1462879739265">
<ins class="key-0488994a9a0d6f10cedb0c019c12f00f-1600200347276 first last">
<noteRef href="#key-0488994a9a0d6f10cedb0c019c12f00f" marker="F1" class="commentary attribute F"/>
, the Payment Systems Regulator
</ins>
</ins>
<ins class="key-fd3c34e07ee237ac93f302b4a737b7d5-1462879739265">
<ins class="substitution key-4ebf3717211b07b19064c2ab1b685b3c-1474318278978 first last">
<noteRef href="#key-4ebf3717211b07b19064c2ab1b685b3c" marker="F6" class="commentary attribute F"/>
, the FCA and the PRA
</ins>
</ins>
<ins class="key-fd3c34e07ee237ac93f302b4a737b7d5-1462879739265">,</ins>
</p>
</content>
</paragraph>
<paragraph eId="section-206A-4-b">
<num>
<ins class="key-fd3c34e07ee237ac93f302b4a737b7d5-1462879739265">b</ins>
</num>
<content>
<p>
<ins class="key-fd3c34e07ee237ac93f302b4a737b7d5-1462879739265">notify the operator of the system and the persons whom the Treasury proposes to specify, and</ins>
</p>
</content>
</paragraph>
<paragraph eId="section-206A-4-c">
<num>
<ins class="key-fd3c34e07ee237ac93f302b4a737b7d5-1462879739265">c</ins>
</num>
<content>
<p>
<ins class="key-fd3c34e07ee237ac93f302b4a737b7d5-1462879739265">consider any representations made.</ins>
</p>
</content>
</paragraph>
</subsection>
<subsection eId="section-206A-5">
<num>
<ins class="key-fd3c34e07ee237ac93f302b4a737b7d5-1462879739265">5</ins>
</num>
<content>
<p>
<ins class="key-fd3c34e07ee237ac93f302b4a737b7d5-1462879739265">The Treasury may not specify the Bank of England under subsection (2)(b).</ins>
</p>
</content>
</subsection>
<subsection eId="section-206A-6">
<num>
<ins class="key-fd3c34e07ee237ac93f302b4a737b7d5-1462879739265">6</ins>
</num>
<intro>
<p>
<ins class="key-fd3c34e07ee237ac93f302b4a737b7d5-1462879739265">Before making an order under subsection (1), the Treasury must consult—</ins>
</p>
</intro>
<paragraph eId="section-206A-6-a">
<num>
<ins class="key-fd3c34e07ee237ac93f302b4a737b7d5-1462879739265">a</ins>
</num>
<content>
<p>
<ins class="key-fd3c34e07ee237ac93f302b4a737b7d5-1462879739265">the Bank of England,</ins>
</p>
</content>
</paragraph>
<paragraph eId="section-206A-6-b">
<num>
<ins class="key-fd3c34e07ee237ac93f302b4a737b7d5-1462879739265">
<ins class="substitution key-106d14a055d4071096fa8e7683f39992-1474318321328 first">
<noteRef href="#key-106d14a055d4071096fa8e7683f39992" marker="F3" class="commentary attribute F"/>
b
</ins>
</ins>
</num>
<content>
<p>
<ins class="key-fd3c34e07ee237ac93f302b4a737b7d5-1462879739265">
<ins class="substitution key-106d14a055d4071096fa8e7683f39992-1474318321328">the FCA,</ins>
</ins>
</p>
</content>
</paragraph>
<paragraph eId="section-206A-6-ba">
<num>
<ins class="key-fd3c34e07ee237ac93f302b4a737b7d5-1462879739265">
<ins class="substitution key-106d14a055d4071096fa8e7683f39992-1474318321328">ba</ins>
</ins>
</num>
<content>
<p>
<ins class="key-fd3c34e07ee237ac93f302b4a737b7d5-1462879739265">
<ins class="substitution key-106d14a055d4071096fa8e7683f39992-1474318321328 last">the PRA, and</ins>
</ins>
</p>
</content>
</paragraph>
<paragraph eId="section-206A-6-c">
<num>
<ins class="key-fd3c34e07ee237ac93f302b4a737b7d5-1462879739265">c</ins>
</num>
<content>
<p>
<ins class="key-fd3c34e07ee237ac93f302b4a737b7d5-1462879739265">such other persons as the Treasury consider appropriate.</ins>
</p>
</content>
</paragraph>
</subsection>
<subsection eId="section-206A-7">
<num>
<ins class="key-fd3c34e07ee237ac93f302b4a737b7d5-1462879739265">7</ins>
</num>
<intro>
<p>
<ins class="key-fd3c34e07ee237ac93f302b4a737b7d5-1462879739265">An order under subsection (1)—</ins>
</p>
</intro>
<paragraph eId="section-206A-7-a">
<num>
<ins class="key-fd3c34e07ee237ac93f302b4a737b7d5-1462879739265">a</ins>
</num>
<content>
<p>
<ins class="key-fd3c34e07ee237ac93f302b4a737b7d5-1462879739265">may modify any provision of this Part in its application to persons who are service providers in relation to a recognised </ins>
<noteRef href="#key-cee20077fd902a25ab4f7af829844fbf" marker="F8" class="commentary F"/>
<ins class="key-fd3c34e07ee237ac93f302b4a737b7d5-1462879739265">... payment system;</ins>
</p>
</content>
</paragraph>
<paragraph eId="section-206A-7-b">
<num>
<ins class="key-fd3c34e07ee237ac93f302b4a737b7d5-1462879739265">b</ins>
</num>
<content>
<p>
<ins class="key-fd3c34e07ee237ac93f302b4a737b7d5-1462879739265">may (but need not) take the form of textual amendment.</ins>
</p>
</content>
</paragraph>
</subsection>
<subsection eId="section-206A-8">
<num>
<ins class="key-fd3c34e07ee237ac93f302b4a737b7d5-1462879739265">8</ins>
</num>
<intro>
<p>
<ins class="key-fd3c34e07ee237ac93f302b4a737b7d5-1462879739265">An order under subsection (1)—</ins>
</p>
</intro>
<paragraph eId="section-206A-8-a">
<num>
<ins class="key-fd3c34e07ee237ac93f302b4a737b7d5-1462879739265">a</ins>
</num>
<content>
<p>
<ins class="key-fd3c34e07ee237ac93f302b4a737b7d5-1462879739265">is to be made by statutory instrument, and</ins>
</p>
</content>
</paragraph>
<paragraph eId="section-206A-8-b">
<num>
<ins class="key-fd3c34e07ee237ac93f302b4a737b7d5-1462879739265">b</ins>
</num>
<content>
<p>
<ins class="key-fd3c34e07ee237ac93f302b4a737b7d5-1462879739265 last">may not be made unless a draft has been laid before and approved by resolution of each House of Parliament.</ins>
</p>
</content>
</paragraph>
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