{
  "url": "https://openlegislation.uk/small-and-medium-sized-business-finance-platforms-regulations-2015/regulation-10",
  "json_url": "https://openlegislation.uk/small-and-medium-sized-business-finance-platforms-regulations-2015/regulation-10.json",
  "legislation": "uksi/2015/1946",
  "legislation_title": "The Small and Medium Sized Business (Finance Platforms) Regulations 2015",
  "legislation_url": "https://openlegislation.uk/small-and-medium-sized-business-finance-platforms-regulations-2015",
  "path": "regulation/10",
  "kind": "regulation",
  "number": "10",
  "heading": "Criteria for the designation of a bank",
  "text": "(1) The Treasury may designate a bank only if it is—\n(a) an institution that is a bank for the purposes of Part 1 of the Banking Act 2009, or\n(b) a finance provider that is a member of a banking group as defined in section 1164 of the Companies Act 2006.\n(2) The Treasury must revoke the designation of a bank that no longer falls within paragraph (1)(a) or (b).\n(3) In considering whether to designate a bank or revoke the designation of a bank, the Treasury must have regard to—\n(a) the value of current lending by the bank to small and medium sized businesses;\n(b) such value as a proportion of the total value of current lending to small and medium sized businesses;\n(c) the importance to the economy in Northern Ireland of the bank’s current lending to small and medium sized businesses.\n(4) In considering whether to designate a bank or to revoke the designation of a bank, the Treasury may also have regard to such other matters as they consider appropriate.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Reg. 10 in force at 1.1.2016, see reg. 1(2)"
    },
    {
      "type": "footnote",
      "label": "f1",
      "text": "2009 c. 1."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "Section 1164 was amended by paragraph 12 of Schedule 18 to the Financial Services Act 2012 (c. 21)."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2015/1946/regulation/10",
    "retrieved_at": "2026-10-28T23:30:02.216706+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."
}