Part 2 Amendments to Part 6 of the Financial Services (Banking Reform) Act 2013
Financial Services and Markets Act 2023 (2023 c 29) | Legislation

Part 2 Amendments to Part 6 of the Financial Services (Banking Reform) Act 2013

2

Part 6 of the Financial Services (Banking Reform) Act 2013 (special administration for operators of certain infrastructure systems) is amended as follows.

3

In section 111 (financial market infrastructure administration), in the heading, after “market†insert “and cashâ€.

4

(1)     Section 112 (interpretation: infrastructure companies) is amended as follows.

(2)     In subsection (2), omit the “or†at the end of paragraph (b) and insert—

“(ba)     a person recognised for the purposes of Part 5A of the Banking Act 2009 (wholesale cash distribution) as having systemic significance, orâ€.

(3)     In subsection (4)—

(a)

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