Paragraph 1 Factors to be taken into account
When considering whether to give a designation notice to a credit institution, the Treasury must take into account the following factors—
(a)
the credit institution’s geographical coverage;
(b)
the distribution of consumers within the United Kingdom;
(c)
the credit institution’s share of the United Kingdom’s payment account market.
Notes on the whole SI
Textual amendments
- F1
Regulations revoked (14.12.2023 for the revocation of reg. 44) by Financial Services and Markets Act 2023 (c. 29), s. 86(3), Sch. 1 Pt. 2 (with s. 1(4)); S.I. 2023/1382, reg. 2(c)(xiv)