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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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131R. Designation

(1) The Treasury may designate a person for the purposes of this Part if the person is -

(a) a relevant current account provider, or

(b) an operator of cash access coordination arrangements, and at least one of the participants in the arrangements is a relevant current account provider designated under this section.

(2) A person is designated by giving the person (the "designated person") a notice in accordance with this Part (a "designation notice").

(3) A designation notice must specify whether the person is designated in relation to -

(a) the United Kingdom,

(b) Great Britain only, or

(c) Northern Ireland only.

(4) A designation notice given to the operator of cash access coordination arrangements must specify the arrangements in as much detail as is reasonably practicable.

(5) Before giving a designation notice to a person the Treasury must -

(a) consult the FCA,

(b) notify the person, and

(c) consider any representations made.

(6) A designated person must -

(a) comply with rules m

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