Guidance

Banking act: specification of payment systems

Specification of payment systems for supervision by the Bank of England

• From: HM Treasury
• Published: 25 March 2015
• Last updated: 31 August 2022
  Show all updates

  1. 31 August 2022

     Fnality Recognition Order added

  2. 3 November 2021

     Recognition order for Mastercard Europe added

  3. 25 April 2018

     Updated with amended Recognition Orders for LINK, Bacs and Faster Payments Service.

  4. 20 December 2017

     Updated with Derecognition Order: CHAPS

  5. 24 May 2016

     Recognition Order for LINK added

  6. 25 March 2015

     First published.

Documents

Fnality Recognition Order

PDF, 327 KB, 1 page

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Amended Recognition Order: LINK

PDF, 211 KB, 1 page

Amended Recognition Order: Bacs

PDF, 212 KB, 2 pages

Amended Recognition Order: Faster Payments Service

PDF, 210 KB, 1 page

Recognition Order: Visa Europe

MS Word Document, 57.5 KB

Derecognition Order: CHAPS

PDF, 115 KB, 1 page

Recognition Order: Mastercard Europe

PDF, 73.4 KB, 1 page

This file may not be suitable for users of assistive technology.

Request an accessible format

If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email digital.communications@hmtreasury.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

Details

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.