Section 199(2)

The Bank may give the operator of the ... payment system concerned , the DSA service provider concerned , or the service provider concerned, an order to stop operating the system , providing services, or (as the case may be) providing services to a recognised payment system or recognised DSA service provider (a “closure order”)— for a specified period, until further notice, or permanently.

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