Textual Amendments
F1Word in Pt. 5 heading omitted (27.6.2017) by virtue of Digital Economy Act 2017 (c. 30), s. 118(2), Sch. 9 para. 2
F2Words in Pt. 5 heading inserted (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), s. 86(2)(a), Sch. 6 para. 2
(1)The Bank of England may require the operator of a recognised F3... payment system—
(a)to establish rules for the operation of the system [F4including the operation of services that form part of the arrangements constituting [F5, or connected with,] the system and are provided by a service provider] [F6, or a DSA service provider];
(b)to change the rules in a specified way or so as to achieve a specified purpose;
(c)to notify the Bank of any proposed change to the rules;
(d)not to change the rules without the approval of the Bank.
(2)A requirement under subsection (1)(c) or (d) may be general or specific.
Textual Amendments
F3Word in s. 190(1) omitted (27.6.2017) by virtue of Digital Economy Act 2017 (c. 30), s. 118(2), Sch. 9 para. 12
F4Words in s. 190(1)(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(10)
F5Words in s. 190(1)(a) inserted (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), s. 86(2)(a), Sch. 6 para. 17(a)
F6Words in s. 190(1)(a) inserted (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), s. 86(2)(a), Sch. 6 para. 17(b)
Commencement Information
I1S. 190 in force at 31.12.2009 by S.I. 2009/3000, art. 4, Sch. para. 1