Section 112(4)

The Treasury may by order designate a company for the purposes of subsection (2)(c) if— the company provides services to a person falling within subsection (2)(a), (b) or (ba), and the Treasury are satisfied that an interruption in the provision of those services would have a serious adverse effect on the effective operation of the recognised ... payment system or securities settlement system in question or, in the case of a person falling within subsection (2)(ba), a relevant function.

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