# Banking Act 2009, Section 206C: Overview and purpose


(1) This Part enables the Bank of England to oversee certain persons involved in wholesale cash distribution (as defined in section 206E).
(2) The Bank must exercise its powers under this Part for the purpose of managing risks to the effectiveness, resilience and sustainability of wholesale cash distribution—
(a) throughout the United Kingdom, or
(b) throughout any part of the United Kingdom.

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Source: https://www.legislation.gov.uk/ukpga/2009/1/section/206C (the official version)
Page: https://openlegislation.uk/banking-act-2009/section-206C
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.