http://www.legislation.gov.uk/ukpga/2009/1/section/203CBanking 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) Part 5203C1The Bank of England must prepare a statement of the general policy it proposes to follow in relation to its oversight under this Part of —arecognised payment systems that include arrangements using digital settlement assets,bDSA service providers, andcservice providers as described in sections 206A and 206AA.2Before issuing a statement of policy under this section, the Bank must consult the FCA.3The Bank must —apublish the statement on its website,bsend a copy to the Treasury, andcreview the statement from time to time and revise it if necessary (and paragraphs (a) and (b) apply to a revision).4Nothing in this section is to be regarded as preventing the Bank of England from exercising any of its powers under this Part where it considers it necessary to do so by reason of urgency, before it has prepared a statement under this section.Word in Pt. 5 heading omitted (27.6.2017) by virtue of Digital Economy Act 2017 (c. 30), s. 118(2), Sch. 9 para. 2S. 203C inserted (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), s. 86(2)(a), Sch. 6 para. 33Words in Pt. 5 heading inserted (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), s. 86(2)(a), Sch. 6 para. 2