Schedule 9, Part 1, paragraph 1(2)

In addition, the Treasury must— consult the FCA before making a wholesale cash oversight order in respect of a person who is, or has applied to be, an FCA-regulated person; consult the PRA before making a wholesale cash oversight order in respect of a person who has, or has applied for, Part 4A permission for the carrying on of a PRA-regulated activity; consult the Payment Systems Regulator before making a wholesale cash oversight order in respect of a person who is a participant in a regulated payment system.

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