Banking Act 2009 (c. 1)

Part 5 U.K. Inter-Bank Payment Systems

Regulation U.K.

190 System rules U.K.

(1) The Bank of England may require the operator of a recognised inter-bank payment system—

(a) to establish rules for the operation of the system;

(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.

Commencement Information

I1 S. 190 in force at 31.12.2009 by S.I. 2009/3000, art. 4, Sch. para. 1