(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,
(ba) a person recognised for the purposes of Part 5A of the Banking Act 2009 (wholesale cash distribution) as having systemic significance, or
(c) a company designated by the Treasury under subsection (4).
(3) But a company is not an infrastructure company if it is a recognised central counterparty, as defined by section 285 of F
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