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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 29 August 2023 - onwards
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186A. Amendment of recognition order

(1) The Treasury may amend a recognition order.

(2) Before amending a recognition order 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 recognised payment system or the recognised DSA service provider (as appropriate), and

(c) consider any representations made.

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

(2A) Before amending a recognition order so as to revoke or amend the specification of a person under section 206A(2)(b), the Treasury must also -

(a) consult the FCA and the PRA,

(b) notify the specified person, and

(c) consider any representations made.

(3) In addition, the Treasury -

(a) must consult the FCA before amending a recognition order in res

Comparing proposed amendment...