Part 5... Payment Systems and service providers
Enforcement
200Management disqualification
(1)
The Bank of England may by order prohibit a specified person from being an operator of a recognised F1... payment system F2or from being a DSA service provider—
(a)
for a specified period,
(b)
until further notice, or
(c)
permanently.
(2)
The Bank may by order prohibit a specified person from holding an office or position involving responsibility for taking decisions about the management of a recognised F1... payment system F3, or a recognised DSA service provider, F4or about the management of a service provider in relation to such a system F5or such a DSA service provider—
(a)
for a specified period,
(b)
until further notice, or
(c)
permanently.
F6(2A)
Before making an order under subsection (2) in respect of a service provider, the Bank must have regard to the public interest in the continued operation of each recognised payment system F7, or of each recognised DSA service provider, in relation to which the service provider is specified under section 206A(2)(b). F8or 206A(2A)(b) (as the case may be).
(3)
A person who breaches a prohibition under subsection (1) or (2) commits an offence.
(4)
A person guilty of an offence is liable—
(a)
on summary conviction, to a fine not exceeding the statutory maximum, or
(b)
on conviction on indictment, to a fine.