Guidance

Banking act: specification of payment systems

Specification of payment systems for supervision by the Bank of England

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The Banking Act 2009 gives the Treasury the power to specify payment systems to be supervised by the Bank of England, as part of the Bank’s objective to maintain UK financial stability.

The Treasury has already specified a number of payment systems for supervision by the Bank. These orders are available on the National Archive website.

Published 25 March 2015
Last updated 25 April 2018 + show all updates
  1. Updated with amended Recognition Orders for LINK, Bacs and Faster Payments Service.
  2. Updated with Derecognition Order: CHAPS
  3. Recognition Order for LINK added
  4. First published.