SCHEDULES

SCHEDULE 9Bank of England oversight of payment systems

PART 2Consequential amendments

32Financial Services Act 2012

1

Section 68 (cases in which Treasury may arrange independent enquiries) is amended as follows.

2

In subsection (3), in paragraphs (a) and (b)(ii), omit “inter-bank”.

3

In subsection (5), in the definition of “recognised inter-bank payment system”—

a

omit the first “inter-bank”;

b

for “an inter-bank” substitute “a”.