Skip to main content
  • This website sets cookies on your device. To find out more about how we use cookies please refer to our Privacy and Cookie Policy. By continuing to use the site, we’ll assume that you are content for us to set these on your device.
  • Close
Home > Financial Stability > Recognised Payment Systems applications
 

Recognised Payment Systems applications

Part 5 of the Banking Act 2009 establishes a statutory regulatory regime for interbank payment systems. This regime is operated by the Bank. Under the statutory regime, payment systems which meet the criteria set out in the Act (section 185(1)) may be recognised by HM Treasury and brought within the Bank’s oversight regime.
 

HM Treasury has published a Guidance note on the process for recognising interbank payment systems (see External Links).

Enquiries into recognition should be made to HM Treasury.

Share