PART 5A

Wholesale cash distribution

Introduction

Overview and purpose
206C
1
This Part enables the Bank of England to oversee certain persons involved in wholesale cash distribution (as defined in section
206E
).
2
The Bank must exercise its powers under this Part for the purpose of managing risks to the effectiveness, resilience and sustainability of wholesale cash distribution—
a
throughout the United Kingdom, or
b
throughout any part of the United Kingdom.
Pt. 5A inserted (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), s. 86(2)(d), Sch. 9 para. 1