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Statutory Instruments
Financial Services And Markets, England And Wales
Insolvency, England And Wales
Made
16th July 2018
Laid before Parliament
17th July 2018
Coming into force
9th August 2018
The Treasury, in exercise of the power conferred by section 112(4) of the Financial Services (Banking Reform) Act 2013(1) (“the Act”), make the following Order.
The Treasury are satisfied that an interruption in the provision of services that VocaLink Limited provides to persons falling within section 112(2)(a) of the Act would have a serious adverse effect on the effective operation of those recognised payment systems.
In accordance with section 112(6) of the Act the Treasury have consulted those persons, VocaLink Limited, and the Bank of England.
2013 c. 33. Section 112(4) and section 112(2)(a) were amended by paragraphs 35 and 41 of Schedule 9 to the Digital Economy Act 2017 (c. 30).
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