Section 44(1)

The Treasury may make a designation order in respect of a payment system only if they are satisfied that any deficiencies in the design of the system, or any disruption of its operation, would be likely to have serious consequences for those who use, or are likely to use, the services provided by the system.

← 44 · All articles · 2 →

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