2015 No. 488
Banks And Banking

The Banking Act 2009 (Inter-Bank Payment Systems) (Disclosure and Publication of Specified Information) (Amendment) Regulations 2015

Made
Laid before Parliament
Coming into force
The Treasury make these Regulations in exercise of the powers conferred by sections 204(6) and 259(1) of the Banking Act 20091.

Citation and commencement1.

These Regulations may be cited as the Banking Act 2009 (Inter-Bank Payment Systems) (Disclosure and Publication of Specified Information) (Amendment) Regulations 2015 and come into force on 1st April 2015.

Amendment of the Banking Act 2009 (Inter-Bank Payment Systems) (Disclosure and Publication of Specified Information) Regulations 20102.

In the Schedule to the Banking Act 2009 (Inter-Bank Payment Systems) (Disclosure and Publication of Specified Information) Regulations 20102 (persons to whom the Bank of England may disclose specified information for specified purposes) below the last entry in the table insert—
“The Payment Systems Regulator established under section 40 of the Financial Services (Banking Reform) Act 20133

Any of its functions”.

Mark Lancaster
Harriett Baldwin
Two of the Lords Commissioners of Her Majesty’s Treasury
EXPLANATORY NOTE
(This note is not part of the Regulations)

These Regulations amend the Banking Act 2009 (Inter-Bank Payment Systems) (Disclosure and Publication of Specified Information) Regulations 2010 (S.I. 2010/828). The amendment enables the Bank of England to disclose to the Payment Systems Regulator information it has obtained by virtue of section 204(1) of the Banking Act 2009 (c. 1) (information obtained by the Bank in connection with its functions under Part 5 of that Act). The Payment Systems Regulator was established under section 40 of the Financial Services (Banking Reform) Act 2013 (c. 33).

An impact assessment has not been produced for this instrument as no impact on the costs of business or the voluntary sector is foreseen.