Section 186(1)

Before making a recognition order in respect of a payment system or a DSA service provider the Treasury must— (See section 206A(4) for the procedure to be followed before specifying a person under section 206A(2)(b) (service providers in relation to recognised payment systems) in a recognition order.) consult the Bank of England and the Payment Systems Regulator, in the case of a recognition order in respect of a DSA service provider, consult the FCA, notify the operator of the system or the DSA service provider (as appropriate), and consider any representations made.

← 186 · All articles · 2 →

Source: legislation.gov.uk · retrieved 2026-09-04