188PrinciplesU.K.
(1)The Bank of England may publish—
[F1(a)] principles to which operators of recognised F2... payment systems are to have regard in operating the systems [F3and]
[F4(b)principles to which recognised DSA service providers are to have regard in the provision of services to payment systems (whether or not recognised),]
[F5(c)] principles to which service providers are to have regard in the provision of services to such systems [F6or to such DSA service providers].
(2)Before publishing principles the Bank must obtain the approval of the Treasury.
Textual Amendments
F1Words in s. 188(1) renumbered as s. 188(1)(a) (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), s. 86(2)(a), Sch. 6 para. 15(2)(a)
F2Word in s. 188(1) omitted (27.6.2017) by virtue of Digital Economy Act 2017 (c. 30), s. 118(2), Sch. 9 para. 10
F3Words in s. 188(1) inserted (30.11.2017) by The Banking Act 2009 (Service Providers to Payment Systems) Order 2017 (S.I. 2017/1167), arts. 1(2), 2(8)
F4S. 188(1)(b) inserted (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), s. 86(2)(a), Sch. 6 para. 15(2)(b)
F5Words in s. 188(1) renumbered as s. 188(1)(c) (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), s. 86(2)(a), Sch. 6 para. 15(2)(c)
F6Words in s. 188(1)(c) inserted (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), s. 86(2)(a), Sch. 6 para. 15(2)(d)
Commencement Information
I1S. 188 in force at 31.12.2009 by S.I. 2009/3000, art. 4, Sch. para. 1