Section 23(1)

The Treasury may by regulations make such provision as they consider appropriate for the purpose of, or in connection with— the regulation of payments that include digital settlement assets, the regulation of— as those terms are for the time being defined in Part 5 of the Banking Act 2009, and recognised payment systems that include arrangements using digital settlement assets, recognised DSA service providers, and service providers connected with, or in relation to, the systems and providers mentioned in sub-paragraphs (i) and (ii), making insolvency arrangements (including administration, restructuring and any similar procedure) in respect of the systems and providers mentioned in paragraph (b).

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