Section 205 Pretending to be recognisedI1

United Kingdom

(1)

It is an offence for the operator of a non-recognised F1... payment system F2or DSA service provider—

(a)

to assert that the system F3or provider is recognised, or

(b)

to do anything which suggests that the system F4or provider is recognised.

F5(1A)

It is an offence for a person who is not a service provider in relation to a recognised payment system F6or recognised DSA service provider—

(a)

to assert that the person is such a service provider, or

(b)

to do anything which suggests that the person is such a service provider.

(2)

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.

Annotations

F1: Word in s. 205(1) omitted (27.6.2017) by virtue of Digital Economy Act 2017 (c. 30), s. 118(2), Sch. 9 para. 27
F2: Words in s. 205(1) inserted (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), s. 86(2)(a), Sch. 6 para. 35(2)
F3: Words in s. 205(1)(a) inserted (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), s. 86(2)(a), Sch. 6 para. 35(3)
F4: Words in s. 205(1)(b) inserted (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), s. 86(2)(a), Sch. 6 para. 35(4)
F5: S. 205(1A) inserted (30.11.2017) by The Banking Act 2009 (Service Providers to Payment Systems) Order 2017 (S.I. 2017/1167), arts. 1(2), 2(26)
F6: Words in s. 205(1A) inserted (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), s. 86(2)(a), Sch. 6 para. 35(5)

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