10The Banking Act 2009 is amended as follows.
Commencement Information
I1Sch. 9 para. 10 in force at 29.8.2023, see s. 86(2)(d)
11In section 259 (statutory instruments), in subsection (3), in the Table, after the entry for section 206A (services forming part of recognised payment systems) insert—
| “PART 5A - Wholesale cash distribution | ||
|---|---|---|
| 206M | Bank of England directions: immunity | Negative resolution |
| 206Z | Fees regulations | Negative resolution |
| 206Z4 | Information | Negative resolution |
| 206Z6 | Power to disapply regulation and enforcement provisions | Draft affirmative resolution” |
Commencement Information
I2Sch. 9 para. 11 in force at 29.8.2023, see s. 86(2)(d)
12In section 261 (index of defined terms)—
(a)in the entry for “FCA”, in the second column, for “& 183” substitute “, 183 & 206F”;
(b)in the entry for “Payment Systems Regulator”, in the second column, after “183” insert “& 206F”;
(c)in the entry for “PRA”, in the second column, for “& 183” substitute “, 183 & 206F”.
Commencement Information
I3Sch. 9 para. 12 in force at 29.8.2023, see s. 86(2)(d)
13The Financial Services Act 2012 is amended as follows.
Commencement Information
I4Sch. 9 para. 13 in force at 29.8.2023, see s. 86(2)(d)
14(1)Section 85 (relevant functions in relation to complaints scheme) is amended as follows.
(2)In subsection (3)(a), after “(payment systems)” insert “or Part 5A of that Act (wholesale cash distribution)”.
(3)In subsection (7)—
(a)in the words before paragraph (a), for “Part 5” substitute “Parts 5 and 5A”;
(b)in paragraph (a), for “and 189” substitute “,189, 206K and 206L”;
(c)in paragraph (b), at the end insert “and 206T(3)”.
Commencement Information
I5Sch. 9 para. 14 in force at 29.8.2023, see s. 86(2)(d)
15(1)Section 110 (payment to Treasury of penalties received by Bank of England) is amended as follows.
(2)In subsection (2), in paragraph (b), for “section 198” substitute “sections 198 and 206T”.
(3)In subsection (5)—
(a)omit the “and” at the end of paragraph (c);
(b)at the end of paragraph (d) insert “, and
(e)sections 206S to 206V and 206Y of that Act (wholesale cash distribution).”
Commencement Information
I6Sch. 9 para. 15 in force at 29.8.2023, see s. 86(2)(d)
16In section 98 of the Financial Services (Banking Reform) Act 2013 (duty of regulators to ensure co-ordinated exercise of functions), in subsection (5)(b), at the end insert “or Part 5A of that Act (wholesale cash distribution)”.
Commencement Information
I7Sch. 9 para. 16 in force at 29.8.2023, see s. 86(2)(d)