Schedule 9: Wholesale cash distribution Part 1 – New Part 5A of the Banking Act 2009 Recognised persons Section 206J: Amendment or revocation of a wholesale cash oversight order
Subsection (1) provides that HM Treasury may amend or revoke a wholesale cash oversight order.
	Subsection (2) provides that HM Treasury must revoke a wholesale cash oversight order if it is no longer satisfied that the person specified in the order performs a relevant function in relation to a wholesale cash distribution activity and has market significance.
	If HM Treasury is satisfied that the person continues to have market significance but is no longer satisfied that the person has systemic significance, then HM Treasury must amend the order so that it no longer specifies that the person is recognised as having systemic significance (see subsections (3) and (4)).
	Subsection (4) provides that subject to subsections (2) to (3), HM Treasury must consider any request by a person specified in a wholesale cash oversight order for the amendment or revocation of the order.
	Subsection (5) provides that the procedure as set out in section 206I applies to the amendment or revocation of a wholesale cash oversight order as it applies to the making of the order.