Commentary on Sections Enforcement Section 200: Management disqualification
444.This section enables the Bank of England to make an order to disqualify a person from being an operator of a recognised inter-bank payment system (see subsection (1)) or from holding a position of management responsibility within such a system (see subsection (2)).
445.Under subsection (3) it is an offence for a person to breach a prohibition issued in accordance with subsections (1) or (2). A fine may be imposed on a person found guilty of contravening an order issued under this section.