{
  "url": "https://openlegislation.uk/banking-act-2009/section-188",
  "json_url": "https://openlegislation.uk/banking-act-2009/section-188.json",
  "legislation": "ukpga/2009/1",
  "legislation_title": "Banking Act 2009",
  "legislation_url": "https://openlegislation.uk/banking-act-2009",
  "path": "section/188",
  "kind": "section",
  "number": "188",
  "heading": "Principles",
  "text": "(1) The Bank of England may publish—\n(a) principles to which operators of recognised ... payment systems are to have regard in operating the systems and\n(b) principles to which recognised DSA service providers are to have regard in the provision of services to payment systems (whether or not recognised),\n(c) principles to which service providers are to have regard in the provision of services to such systems or to such DSA service providers.\n(2) Before publishing principles the Bank must obtain the approval of the Treasury.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in s. 188(1) renumbered as s. 188(1)(a) (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), s. 86(2)(a), Sch. 6 para. 15(2)(a)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Word in s. 188(1) omitted (27.6.2017) by virtue of Digital Economy Act 2017 (c. 30), s. 118(2), Sch. 9 para. 10"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "Words in s. 188(1) inserted (30.11.2017) by The Banking Act 2009 (Service Providers to Payment Systems) Order 2017 (S.I. 2017/1167), arts. 1(2), 2(8)"
    },
    {
      "type": "F",
      "label": "F4",
      "text": "S. 188(1)(b) inserted (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), s. 86(2)(a), Sch. 6 para. 15(2)(b)"
    },
    {
      "type": "F",
      "label": "F5",
      "text": "Words in s. 188(1) renumbered as s. 188(1)(c) (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), s. 86(2)(a), Sch. 6 para. 15(2)(c)"
    },
    {
      "type": "F",
      "label": "F6",
      "text": "Words in s. 188(1)(c) inserted (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), s. 86(2)(a), Sch. 6 para. 15(2)(d)"
    },
    {
      "type": "I",
      "label": "I1",
      "text": "S. 188 in force at 31.12.2009 by S.I. 2009/3000, art. 4, Sch. para. 1"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2009/1/section/188",
    "retrieved_at": "2026-10-29T09:11:28.246347+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}