Treasury publishes Access to Cash Designations

HM Treasury has published all its decisions on designating current account providers under the FSMA requirements to provide cash access services. There are 16 recipients of the designation notices – comprising 13 banks, one building society, and Link Scheme Holdings and Link Scheme Limited as operators of cash access coordination arrangements in which at least one participant is a relevant current account provider. The designees were first notified of the proposed designation in January, and the designations took effect on 24 May.