Banking Act 2009

Changes over time for: Section 186A

Alternative versions:

Changes to legislation:

Banking Act 2009, Section 186A is up to date with all changes known to be in force on or before 25 April 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.

Changes to Legislation

Revised legislation carried on this site may not be fully up to date. Changes and effects are recorded by our editorial team in lists which can be found in the ‘Changes to Legislation’ area. Where those effects have yet to be applied to the text of the legislation by the editorial team they are also listed alongside the legislation in the affected provisions. Use the ‘more’ link to open the changes and effects relevant to the provision you are viewing.

View outstanding changes

Changes and effects yet to be applied to the whole Act associated Parts and Chapters:

Whole provisions yet to be inserted into this Act (including any effects on those provisions):

s. 4(8A) (8B) inserted by 2012 c. 21 s. 96(3)
s. 8(2)(d) and word inserted by 2012 c. 21 s. 96(4)(b)

[F1186AAmendment of recognition orderU.K.

This adran has no associated Nodiadau Esboniadol

(1)The Treasury may amend a recognition order.

(2)Before amending a recognition order the Treasury must—

(a)consult the Bank of England [F2and the Payment Systems Regulator],

[F3(aa)in the case of a recognition order in respect of a DSA service provider, consult the FCA,]

(b)notify the operator of the recognised F4... payment system [F5or the recognised DSA service provider (as appropriate)], and

(c)consider any representations made.

[F6(See section 206A(4) for the procedure to be followed before amending a recognition order so as to specify a person under section 206A(2)(b) (service providers in relation to recognised payment systems) in the order.)]

[F7(2A)Before amending a recognition order so as to revoke or amend the specification of a person under section 206A(2)(b), the Treasury must also—

(a)consult the FCA and the PRA,

(b)notify the specified person, and

(c)consider any representations made.]

(3)In addition, the Treasury—

(a)must consult the FCA before amending a recognition order in respect of a payment system [F8or a DSA service provider, where the operator of the system or the provider]—

(i)is, or has applied to become, a recognised investment exchange, or

(ii)has, or has applied for, a Part 4A permission, and

(b)if the operator [F9or provider] has, or has applied for, a Part 4A permission for the carrying on of a PRA-regulated activity, must also consult the PRA.

(4)The Treasury must consider any request by the operator of a recognised F10... payment system [F11or by a recognised DSA service provider] for the amendment of its recognition order [F12or any request by a service provider in relation to such a system [F13or provider,] for the amendment or revocation of its specification].]