Section 203 FeesI1

United Kingdom

(1)

The Bank of England may require operators of recognised F1... payment systems F2, recognised DSA service providers, F3, and service providers in relation to such systems F4or such DSA service providers, to pay fees.

(2)

A requirement under subsection (1) must relate to a scale of fees approved by the Treasury by regulations.

(3)

Regulations under subsection (2)—

(a)

shall be made by statutory instrument, and

(b)

shall be subject to annulment in pursuance of a resolution of either House of Parliament.

(4)

A requirement under subsection (1) may be enforced by the Bank as a debt.

Annotations

Textual amendments

F1: Word in s. 203(1) omitted (27.6.2017) by virtue of Digital Economy Act 2017 (c. 30), s. 118(2), Sch. 9 para. 25
F2: Words in s. 203(1) inserted (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), s. 86(2)(a), Sch. 6 para. 32(a)
F3: Words in s. 203(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(24)
F4: Words in s. 203(1) inserted (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), s. 86(2)(a), Sch. 6 para. 32(b)

Commencement

I1: S. 203 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. 3

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