{
  "url": "https://openlegislation.uk/financial-services-and-markets-act-2000/section-131R",
  "json_url": "https://openlegislation.uk/financial-services-and-markets-act-2000/section-131R.json",
  "legislation": "ukpga/2000/8",
  "legislation_title": "Financial Services and Markets Act 2000",
  "legislation_url": "https://openlegislation.uk/financial-services-and-markets-act-2000",
  "path": "section/131R",
  "kind": "section",
  "number": "131R",
  "heading": "Designation",
  "text": "(1) The Treasury may designate a person for the purposes of this Part if the person is—\n(a) a relevant current account provider, or\n(b) an operator of cash access coordination arrangements, and at least one of the participants in the arrangements is a relevant current account provider designated under this section.\n(2) A person is designated by giving the person (the “designated person”) a notice in accordance with this Part (a “designation notice”).\n(3) A designation notice must specify whether the person is designated in relation to—\n(a) the United Kingdom,\n(b) Great Britain only, or\n(c) Northern Ireland only.\n(4) A designation notice given to the operator of cash access coordination arrangements must specify the arrangements in as much detail as is reasonably practicable.\n(5) Before giving a designation notice to a person the Treasury must—\n(a) consult the FCA,\n(b) notify the person, and\n(c) consider any representations made.\n(6) A designated person must—\n(a) comply with rules made by the FCA under section 131V;\n(b) comply with directions given by the FCA to the designated person under section 131W.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Pt. 8B inserted (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), s. 86(2)(c), Sch. 8 para. 1"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2000/8/section/131R",
    "retrieved_at": "2026-10-29T09:21:21.899993+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."
}