Introductory text

Financial Services And Markets, England And Wales

Insolvency, England And Wales

Made 16th July 2018

Laid before Parliament 17th July 2018

Coming into force 9th August 2018

The Treasury, in exercise of the power conferred by section 112(4) of the Financial Services (Banking Reform) Act 2013^f1 (“the Act”), make the following Order.

The Treasury are satisfied that an interruption in the provision of services that VocaLink Limited provides to persons falling within section 112(2)(a) of the Act would have a serious adverse effect on the effective operation of those recognised payment systems.

In accordance with section 112(6) of the Act the Treasury have consulted those persons, VocaLink Limited, and the Bank of England.

Annotations

Footnotes

f1: 2013 c. 33. Section 112(4) and section 112(2)(a) were amended by paragraphs 35 and 41 of Schedule 9 to the Digital Economy Act 2017 (c. 30).