LegalizeThe Banking Act 2009 (Inter-Bank Payment Systems) (Disclosure and Publication of Specified Information) (Amendment) Regulations 2015
Made: 4th March 2015
Laid before Parliament: 5th March 2015
Coming into force: 1st April 2015
The Treasury make these Regulations in exercise of the powers conferred by sections 204(6) and 259(1) of the Banking Act 2009[^f00001].
Citation and commencement
1
These Regulations may be cited as the Banking Act 2009 (Inter-Bank Payment Systems) (Disclosure and Publication of Specified Information) (Amendment) Regulations 2015 and come into force on 1st April 2015.
Amendment of the Banking Act 2009 (Inter-Bank Payment Systems) (Disclosure and Publication of Specified Information) Regulations 2010
2
In the Schedule to the Banking Act 2009 (Inter-Bank Payment Systems) (Disclosure and Publication of Specified Information) Regulations 2010[^f00002] (persons to whom the Bank of England may disclose specified information for specified purposes) below the last entry in the table insert—
| The Payment Systems Regulator established under section 40 of the Financial Services (Banking Reform) Act 2013[^f00003] | Any of its functions |
|---|---|
Signed
Mark Lancaster — Harriett Baldwin — Two of the Lords Commissioners of Her Majesty’s Treasury — 4th March 2015
Explanatory note
(This note is not part of the Regulations)
EXPLANATORY NOTE
These Regulations amend the Banking Act 2009 (Inter-Bank Payment Systems) (Disclosure and Publication of Specified Information) Regulations 2010 (S.I. 2010/828). The amendment enables the Bank of England to disclose to the Payment Systems Regulator information it has obtained by virtue of section 204(1) of the Banking Act 2009 (c. 1) (information obtained by the Bank in connection with its functions under Part 5 of that Act). The Payment Systems Regulator was established under section 40 of the Financial Services (Banking Reform) Act 2013 (c. 33).
An impact assessment has not been produced for this instrument as no impact on the costs of business or the voluntary sector is foreseen.
Footnotes
[^f00001]: 2009 c. 1. Section 204 was amended by paragraph 45 of Schedule 2 to the Financial Services Act 2010 (c. 28) and section 104 of the Financial Services Act 2012 (c. 21).
[^f00002]: S.I. 2010/828. The Schedule was amended by S.I. 2013/472 and 1765 and 2014/549.
[^f00003]: 2013 c. 33.
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