# Financial Services (Banking Reform) Act 2013, Section 43: Designation orders


(1) The Treasury may by order (a “designation order”) designate a payment system as a regulated payment system for the purposes of this Part.
(2) A designation order must specify in as much detail as is reasonably practicable the arrangements that constitute the payment system.

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Source: https://www.legislation.gov.uk/ukpga/2013/33/section/43 (the official version)
Page: https://openlegislation.uk/financial-services-banking-reform-act-2013/section-43
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.