(1) Before making a recognition order in respect of a payment system or a DSA service provider the Treasury must -

(a) consult the Bank of England and the Payment Systems Regulator,

(aa) in the case of a recognition order in respect of a DSA service provider, consult the FCA,

(b) notify the operator of the system or the DSA service provider (as appropriate), and

(c) consider any representations made.

(See section 206A(4) for the procedure to be followed before specifying a person under section 206A(2)(b) (service providers in relation to recognised payment systems) in a recognition order.)

(2) In addition, the Treasury -

(a) must consult the FCA before making a recognition order in respect of a payment system or a DSA service provider, where the operator of the system or the provider -