Part 1 New Part 8B of FSMA 2000
Financial Services and Markets Act 2023 (2023 c 29) | Legislation

SCHEDULE 8 Cash Access Services

Section 54

Part 1 New Part 8B of FSMA 2000

1

After Part 8A of FSMA 2000 (short selling) insert—

“Part 8B
Cash Access Services
Introductory
131²ÑÌý°¿±¹±ð°ù±¹¾±±ð·É

This Part—

(a)     requires the Treasury to publish a statement of policy concerning cash deposit and withdrawal services,

(b)     enables the Treasury to designate persons involved in the provision of such services, and

(c)     gives the FCA functions in relation to designated persons.

131N Cash access services and coordination arrangements

(1)     This section defines “cashâ€, “cash access serviceâ€, “free cash access service†and “cash access coordination arrangements†for the purposes of this Part.

(2)     “Cash†means—

(a)     banknotes issued by the Bank of England, or an authorised bank in its capacity as an issuer of banknotes in Scotland or Northern Ireland (see Part 6 of the Banking Act 2009), or

(b)     coins made by the Mint, within the meaning of the Coinage Act 1971 (see section 11 of that Act).

(3)     A “cash access service†is—

(a)     a service which enables cash to be placed on a relevant current account (a “cash deposit serviceâ€), or

(b)     a service which enables cash to be

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