{
  "url": "https://openlegislation.uk/banking-act-2009/section-200",
  "json_url": "https://openlegislation.uk/banking-act-2009/section-200.json",
  "legislation": "ukpga/2009/1",
  "legislation_title": "Banking Act 2009",
  "legislation_url": "https://openlegislation.uk/banking-act-2009",
  "path": "section/200",
  "kind": "section",
  "number": "200",
  "heading": "Management disqualification",
  "text": "(1) The Bank of England may by order prohibit a specified person from being an operator of a recognised ... payment system or from being a DSA service provider—\n(a) for a specified period,\n(b) until further notice, or\n(c) permanently.\n(2) The Bank may by order prohibit a specified person from holding an office or position involving responsibility for taking decisions about the management of a recognised ... payment system , or a recognised DSA service provider, or about the management of a service provider in relation to such a system or such a DSA service provider—\n(a) for a specified period,\n(b) until further notice, or\n(c) permanently.\n(2A) Before making an order under subsection (2) in respect of a service provider, the Bank must have regard to the public interest in the continued operation of each recognised payment system , or of each recognised DSA service provider, in relation to which the service provider is specified under section 206A(2)(b). or 206A(2A)(b) (as the case may be).\n(3) A person who breaches a prohibition under subsection (1) or (2) commits an offence.\n(4) A person guilty of an offence is liable—\n(a) on summary conviction, to a fine not exceeding the statutory maximum, or\n(b) on conviction on indictment, to a fine.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Word in s. 200(1)(2) omitted (27.6.2017) by virtue of Digital Economy Act 2017 (c. 30), s. 118(2), Sch. 9 para. 22"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Words in s. 200(1) inserted (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), s. 86(2)(a), Sch. 6 para. 28(2)"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "Words in s. 200(2) inserted (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), s. 86(2)(a), Sch. 6 para. 28(3)(a)"
    },
    {
      "type": "F",
      "label": "F4",
      "text": "Words in s. 200(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(20)(a)"
    },
    {
      "type": "F",
      "label": "F5",
      "text": "Words in s. 200(2) inserted (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), s. 86(2)(a), Sch. 6 para. 28(3)(b)"
    },
    {
      "type": "F",
      "label": "F6",
      "text": "S. 200(2A) inserted (30.11.2017) by The Banking Act 2009 (Service Providers to Payment Systems) Order 2017 (S.I. 2017/1167), arts. 1(2), 2(20)(b)"
    },
    {
      "type": "F",
      "label": "F7",
      "text": "Words in s. 200(2A) inserted (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), s. 86(2)(a), Sch. 6 para. 28(4)(a)"
    },
    {
      "type": "F",
      "label": "F8",
      "text": "Words in s. 200(2A) inserted (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), s. 86(2)(a), Sch. 6 para. 28(4)(b)"
    },
    {
      "type": "I",
      "label": "I1",
      "text": "S. 200 in force at 12.11.2009 for specified purposes and 31.12.2009 in so far as not already in force by S.I. 2009/3000, arts. 2, 4, Sch. para. 2"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2009/1/section/200",
    "retrieved_at": "2026-10-29T09:11:28.246347+00:00",
    "licence": "OGL-UK-3.0",
    "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."
  }
}