(1) In this Part "infrastructure company" means a company which is - (a) the operator of a recognised inter-bank payment system, other than an operator excluded by subsection (3), (b) approved under regulations under section 785 of the Companies Act 2006 (provision enabling procedures for evidencing and transferring title) as the operator of a securities settlement system, or (c) a company designated by the Treasury under subsection (4).

(2) "Infrastructure company" means a company which is -

(a) the operator of a recognised payment system, other than an operator excluded by subsection (3),

(aa) a recognised DSA service provider,

(b) a recognised CSD,