lexiara

Schedule 9, Part 1, Part 5A, paragraph 206H(2)

FSMA 2023

The Treasury may recognise a person as having market significance only if satisfied that any significant deficiency in, or disruption to, the performance of the person’s relevant functions in relation to wholesale cash distribution activities would be likely to undermine the effectiveness, resilience, or sustainability of wholesale cash distribution— throughout the United Kingdom, or throughout any part of the United Kingdom.

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