Schedule 9: Wholesale cash distribution Part 1 – New Part 5A of the Banking Act 2009 Section 206C: Overview and purpose
This section summarises the purpose of this Part. This Part permits the Bank to oversee certain persons involved in wholesale cash distribution (as defined in section 206E) (see subsection (1)).
	The Bank must exercise its powers under this Part for the purpose of managing risks to the effectiveness, resilience, and sustainability of wholesale cash distribution throughout the United Kingdom, or throughout any part of the United Kingdom (see subsection (2)).