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Article 11 Notice of FMI administration order

Original text. Later amendments are not shown.

(1)

If the court makes an FMI administration order, it must as soon as is reasonably practicable deliver to the Bank—

(a)

four sealed copies of the order if the infrastructure company is the operator of a securities settlement system or a designated service provider which provides services to such an operator;

(b)

five sealed copies of the order if the infrastructure company is the operator of a recognised payment system or a designated service provider which provides services to such an operator.

(2)

The Bank must as soon as is reasonably practicable deliver a sealed copy of the order—

(a)

to the infrastructure company;

(b)

to the FMI administrator;

(c)

to the FCA;

(d)

where the infrastructure company is a PRA-authorised person, to the PRA; and

(e)

where the infrastructure company is the operator of a recognised payment system, or a designated service provider which provides services to such an operator, to the Payment Systems Regulator.