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 — See all updates

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

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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.

Published 25 March 2015
Last updated 31 August 2022 + show all updates

  1. Fnality Recognition Order added

  2. Recognition order for Mastercard Europe added

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

  4. Updated with Derecognition Order: CHAPS

  5. Recognition Order for LINK added

  6. First published.

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