Digital Economy Act 2017

This section has no associated Explanatory Notes

4(1)Section 182 (interpretation: “inter-bank payment system”) is amended as follows.U.K.

(2)In subsection (1)—

(a)omit “inter-bank”;

(b)omit the words from “between financial institutions” to the end.

(3)After subsection (1) insert—

(1A)But “payment system” does not include any arrangements for the physical movement of cash.

(4)Omit subsections (2) and (3).

(5)In subsection (5) for “an inter-bank” substitute “ a ”.

(6)In the heading omit “inter-bank”.