Schedule 9: Bank of England oversight of payment systems
Part 1 of this Schedule makes amendments to the Banking Act 2009 to allow HM Treasury to formally recognise non-bank payment systems for oversight by the Bank of England.
	Paragraph 1 introduces the amendments.
	Paragraph 4 amends the definition of "inter-bank payment system" for the purposes of Part 5 of the Banking Act 2009 (with the new defined phrase being just "payment system"). The amendments to section 182(1) in sub-paragraph (2) remove the requirement that a system be designed for transfers between financial institutions in order to be recognised. Sub-paragraph (3) inserts a new subsection (1A) into s.182 of the Banking Act 2009, and clarifies that arrangements for the physical movement of cash do not amount to a payment system for these purposes.
	The remaining paragraphs in Part 1 of the amend other provisions of Part 5 of the Banking Act 2009 so that they apply in relation to payment systems as defined in the amended s.182, rather than only to inter-bank payment systems.
	Part 2 of the Schedule makes amendments that are consequential on these amendments. It makes consequential amendments to the Financial Services Act 2012 and the Financial Services (Banking Reform) Act 2013
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