# Financial Services (Banking Reform) Act 2013, Section 45: Procedure

Extent: E+W+S+N.I.

(1) Before making a designation order in respect of a payment system the Treasury must—
(a) consult the Payment Systems Regulator and, if the system is a recognised ... payment system, the Bank of England,
(b) notify the operator of the system, and
(c) consider any representations made.
(2) In considering whether to make a designation order in respect of a payment system, the Treasury may rely on information provided by—
(a) the Bank of England,
(b) the FCA,
(c) the PRA, or
(d) the Payment Systems Regulator.

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Source: https://www.legislation.gov.uk/ukpga/2013/33/section/45 (the official version)
Page: https://openlegislation.uk/financial-services-banking-reform-act-2013/section-45
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.