Financial Services and Markets Act 2023 (c. 29)

SCHEDULES

SCHEDULE 9 U.K. Wholesale cash distribution

PART 2 U.K. Amendments to Part 6 of the Financial Services (Banking Reform) Act 2013

5 U.K. In section 113 (interpretation: other expressions), in subsection (1)—

(a) in the definition of “the relevant system”, after paragraph (b) insert—

“(ba)

in relation to an infrastructure company falling within subsection (2)(ba) of that section, any system used by the company to facilitate or control wholesale cash distribution,”;

(b) at the end insert—

• ““wholesale cash distribution” and “wholesale cash distribution activities” have the meanings given by section 206E of the Banking Act 2009.”

Commencement Information

I1 Sch. 9 para. 5 in force at 29.8.2023, see s. 86(2)(d)