# Banking Act 2009, Section 200: Management disqualification

Extent: E+W+S+N.I.

(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—
(a) for a specified period,
(b) until further notice, or
(c) permanently.
(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—
(a) for a specified period,
(b) until further notice, or
(c) permanently.
(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).
(3) A person who breaches a prohibition under subsection (1) or (2) commits an offence.
(4) A person guilty of an offence is liable—
(a) on summary conviction, to a fine not exceeding the statutory maximum, or
(b) on conviction on indictment, to a fine.

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Source: https://www.legislation.gov.uk/ukpga/2009/1/section/200 (the official version)
Page: https://openlegislation.uk/banking-act-2009/section-200
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.