http://www.legislation.gov.uk/ukpga/2009/1/section/186ABanking Act 2009An Act to make provision about banking.texttext/xmlenStatute Law Database2026-02-20Expert Participation2026-01-19
Banking Act 2009s. 4(8A) (8B)Financial Services Act 2012s. 96(3)Sch. 20s. 122(3)Banking Act 2009s. 8(2)(d) and wordFinancial Services Act 2012s. 96(4)(b)Sch. 20s. 122(3)Banking Act 2009s. 3(5)The Credit Institutions and Investment Firms (Miscellaneous Definitions) (Amendment) Regulations 2026reg. 19(4)reg. 1(2)
Part 5<CommentaryRef Ref="key-2e568712c058f911951f9ff34916ca00"/>... Payment Systems <Addition ChangeId="key-2d9cb448bdf53caaf9b18cda25f491ec-1695384634469" CommentaryRef="key-2d9cb448bdf53caaf9b18cda25f491ec">and service providers</Addition> <Emphasis>Recognised systems <Addition ChangeId="key-3cdf5928837d7588fa9811b4f155fdaa-1695397192423" CommentaryRef="key-3cdf5928837d7588fa9811b4f155fdaa">and service providers</Addition> </Emphasis><Addition ChangeId="key-2c7d523a5e36651206311bd739c95248-1474292284185" CommentaryRef="key-2c7d523a5e36651206311bd739c95248">Amendment of recognition order</Addition>186A1The Treasury may amend a recognition order.2Before amending a recognition order the Treasury must—aconsult the Bank of England and the Payment Systems Regulator,aain the case of a recognition order in respect of a DSA service provider, consult the FCA,bnotify the operator of the recognised ... payment system or the recognised DSA service provider (as appropriate), andcconsider any representations made. (See section 206A(4) for the procedure to be followed before amending a recognition order so as to specify a person under section 206A(2)(b) (service providers in relation to recognised payment systems) in the order.)2ABefore amending a recognition order so as to revoke or amend the specification of a person under section 206A(2)(b), the Treasury must also—aconsult the FCA and the PRA,bnotify the specified person, andcconsider any representations made.3In addition, the Treasury—amust consult the FCA before amending a recognition order in respect of a payment system or a DSA service provider, where the operator of the system or the provider—iis, or has applied to become, a recognised investment exchange, oriihas, or has applied for, a Part 4A permission, andbif the operator or provider has, or has applied for, a Part 4A permission for the carrying on of a PRA-regulated activity, must also consult the PRA.4The Treasury must consider any request by the operator of a recognised ... payment system or by a recognised DSA service provider for the amendment of its recognition order or any request by a service provider in relation to such a system or provider, for the amendment or revocation of its specification.S. 186A inserted (1.4.2013) by Financial Services Act 2012 (c. 21), ss. 104(2), 122(3) (with Sch. 20); S.I. 2013/423, art. 3, Sch.Word in s. 186A(2)(b) omitted (27.6.2017) by virtue of Digital Economy Act 2017 (c. 30), s. 118(2), Sch. 9 para. 8Word in s. 186A(4) omitted (27.6.2017) by virtue of Digital Economy Act 2017 (c. 30), s. 118(2), Sch. 9 para. 8Word in Pt. 5 heading omitted (27.6.2017) by virtue of Digital Economy Act 2017 (c. 30), s. 118(2), Sch. 9 para. 2S. 186A(2A) inserted (30.11.2017) by The Banking Act 2009 (Service Providers to Payment Systems) Order 2017 (S.I. 2017/1167), arts. 1(2), 2(6)(b)Words in s. 186A(2) inserted (30.11.2017) by The Banking Act 2009 (Service Providers to Payment Systems) Order 2017 (S.I. 2017/1167), arts. 1(2), 2(6)(a)(ii)Words in s. 186A(4) inserted (30.11.2017) by The Banking Act 2009 (Service Providers to Payment Systems) Order 2017 (S.I. 2017/1167), arts. 1(2), 2(6)(c)Words in s. 186A(2)(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(6)(a)(i)Words in Pt. 5 heading inserted (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), s. 86(2)(a), Sch. 6 para. 2Words in s. 184 cross-heading inserted (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), s. 86(2)(a), Sch. 6 para. 6Words in s. 186A(2)(b) inserted (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), s. 86(2)(a), Sch. 6 para. 13(3)S. 186A(2)(aa) inserted (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), s. 86(2)(a), Sch. 6 para. 13(2)Words in s. 186A(4) inserted (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), s. 86(2)(a), Sch. 6 para. 13(6)(a)Words in s. 186A(4) inserted (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), s. 86(2)(a), Sch. 6 para. 13(6)(b)Words in s. 186A(3)(a) substituted (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), s. 86(2)(a), Sch. 6 para. 13(4)Words in s. 186A(3)(b) inserted (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), s. 86(2)(a), Sch. 6 para. 13(5)