{
  "url": "https://openlegislation.uk/banking-act-2009/section-206G",
  "json_url": "https://openlegislation.uk/banking-act-2009/section-206G.json",
  "legislation": "ukpga/2009/1",
  "legislation_title": "Banking Act 2009",
  "legislation_url": "https://openlegislation.uk/banking-act-2009",
  "path": "section/206G",
  "kind": "section",
  "number": "206G",
  "heading": "Wholesale cash oversight orders",
  "text": "(1) The Treasury may by order (a “wholesale cash oversight order”) specify a person as a recognised person for the purposes of this Part.\n(2) A person may be specified only if the person—\n(a) performs a relevant function in relation to a wholesale cash distribution activity, and\n(b) is recognised as having market significance (see section 206H).\n(3) The following are relevant functions in relation to a wholesale cash distribution activity—\n(a) undertaking the activity;\n(b) managing the activity;\n(c) providing a service in relation to the activity;\n(d) providing financial assistance in relation to the activity.\n(4) A wholesale cash oversight order must specify in as much detail as is reasonably practicable—\n(a) each wholesale cash distribution activity in relation to which the specified person performs a relevant function, and\n(b) each relevant function the person performs.\n(5) The Treasury may not make a wholesale cash oversight order in respect of an issuing authority or the Mint.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Pt. 5A inserted (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), s. 86(2)(d), Sch. 9 para. 1"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2009/1/section/206G",
    "retrieved_at": "2026-10-29T09:11:28.246347+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "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."
}