Schedule 8: Cash access services Part 1 – New Part 8B of FSMA 2000 Designation Section 131T: Cancellation or variation of a designation notice
This section permits HM Treasury to cancel or vary a designation notice given to a person. If HM Treasury varies a notice given to a person so that person is designated for a new or different part of the United Kingdom from the previous notice, sections 131R (3) and (5) and 131S apply. This means that:
the varied document must specify for which part of the United Kingdom the person is designated (section 131R subsection (3));
HM Treasury must consult the FCA, notify the person and consider any representations made (section 131R subsection (5));
the purpose, criteria and related provisions set out in section 131S apply.