PART 1Regulatory framework

CHAPTER 2New regulatory powers

Digital settlement assets

22Digital settlement assets

In Schedule 6, which provides for the regulation of digital settlement assets—

(a)

Part 1 extends Part 5 of the Banking Act 2009 (Bank of England oversight of payment systems) to payment systems using digital settlement assets and DSA service providers, and makes consequential provision;

(b)

Part 2 extends Part 5 of the Financial Services (Banking Reform) Act 2013 (regulation of payment systems) to payment systems using digital settlement assets.