Date-stamp loading
Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 29 August 2023 - onwards
  Version 6 of 6    

201. Warning

(1) Before imposing a sanction on the operator of a payment system, on a DSA service provider, on a service provider in relation to such a system or such a DSA service provider or on another person the Bank of England must -

(a) give the operator, DSA service provider, service provider or other person a notice (a "warning notice"),

(b) give the operator, DSA service provider, service provider or other person at least 21 days to make representations,

(c) consider any representations made, and

(d) as soon as is reasonably practicable, give the operator, DSA service provider, service provider or other person a notice stating whether or not the Bank intends to impose the sanction.

(1A) Before imposing a sanction on a person who is a service provider in relation to a recognised payment system or recognised DSA service provider the Bank must also -

(a) give the operator of the payment system, or DSA service provider a notice (a "warning notice"),

(b) give the operator, or DSA service provide

Comparing proposed amendment...