Part 1 Extension of Bank of England Oversight of Payment Systems
Digital Economy Act 2017 (2017 c 30) | Legislation

SCHEDULE 9 Bank of England Oversight of Payment Systems

Section 113

Part 1 Extension of Bank of England Oversight of Payment Systems

1

The Banking Act 2009 is amended as follows.

2

In the heading to Part 5 (inter-bank payment systems) omit “Inter-bankâ€.

3

In section 181 (overview) for “payments between financial institutions†substitute “transferring moneyâ€.

4

(1)     Section 182 (interpretation: “inter-bank payment systemâ€) is amended as follows.

(2)     In subsection (1)—

(a)     omit “inter-bankâ€;

(b)     omit the words from “between financial institutions†to the end.

(3)     After subsection (1) insert—

“(1A)     But “payment system†does not include

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