(1) The Bank of England may by order prohibit a specified person from being an operator of a recognised payment system or from being a DSA service provider -
(a) for a specified period,
(b) until further notice, or
(c) permanently.
(2) The Bank may by order prohibit a specified person from holding an office or position involving responsibility for taking decisions about the management of a recognised payment system, or a recognised DSA service provider, or about the management of a service provider in relation to such a system or such a DSA service provider -
(a) for a specified period,
(b) until further notice, or
(c) permanently.
(2A) Before making an order under subsection (2) in respect of a service provider, the Bank must have regard to the public interest in the continued operation of each recognised payment system, or of each recognised DSA service provider, in relation to which the service provider is specified under section 206A(2)(b) or 206A(2A)(b) (as the case may be).
(3) A
…