Section 193 InspectionI1

United Kingdom

(1)

The Bank of England may appoint one or more persons to inspect the operation of a recognised F1... payment system F2, a recognised DSA service provider F3or the provision of services to such a system F4or such a DSA service provider by a service provider.

(2)

The operator of a recognised ... payment system F5, or a recognised DSA service provider F6, or a service provider in relation to such a system F7or such a DSA service provider, must—

(a)

grant an inspector access, on request and at any reasonable time, to premises on or from which any part of the system is operated F8or (as the case may be) premises on or from which any part of the services is provided, and

(b)

otherwise co-operate with an inspector.

Annotations

Textual amendments

F1: Word in s. 193(1)(2) omitted (27.6.2017) by virtue of Digital Economy Act 2017 (c. 30), s. 118(2), Sch. 9 para. 15
F2: Words in s. 193(1) inserted (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), s. 86(2)(a), Sch. 6 para. 21(2)(a)
F3: Words in s. 193(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(13)(a)
F4: Words in s. 193(1) inserted (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), s. 86(2)(a), Sch. 6 para. 21(2)(b)
F5: Words in s. 193(2) inserted (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), s. 86(2)(a), Sch. 6 para. 21(3)(a)
F6: Words in s. 193(2) inserted (30.11.2017) by The Banking Act 2009 (Service Providers to Payment Systems) Order 2017 (S.I. 2017/1167), arts. 1(2), 2(13)(b)(i)
F7: Words in s. 193(2) inserted (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), s. 86(2)(a), Sch. 6 para. 21(3)(b)
F8: Words in s. 193(2)(a) inserted (30.11.2017) by The Banking Act 2009 (Service Providers to Payment Systems) Order 2017 (S.I. 2017/1167), arts. 1(2), 2(13)(b)(ii)

Commencement

I1: S. 193 in force at 31.12.2009 by S.I. 2009/3000, art. 4, Sch. para. 2

Notes on Part 5

Textual amendments

F1: Word in Pt. 5 heading omitted (27.6.2017) by virtue of Digital Economy Act 2017 (c. 30), s. 118(2), Sch. 9 para. 2
F2: Words in Pt. 5 heading inserted (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), s. 86(2)(a), Sch. 6 para. 2