Schedule 8: Cash access services Part 1 – New Part 8B of FSMA 2000 Designation Section 131R: Designation
This section permits HM Treasury to designate persons for the purposes of this Part and specifies the procedure which HM Treasury must follow to designate a person. It provides HM Treasury with the ability to bring banks, building societies and operators of cash coordination arrangements within scope of the FCA’s functions relating to access to cash described below.
	Subsection (1) allows HM Treasury to designate a legal person if the person is a relevant current account provider (i.e. a bank or building society - see section 131O), or the operator of cash access coordination arrangements (see subsection 131N subsection (5)) if at least one of the participants in those arrangements is a designated relevant current account provider.
	Subsections (2) to (5) set out the procedure relating to designation under this Part. Subsection (2) states that a person is designated by giving the person a designation notice, and subsection (3) states that a designation notice must specify whether the person is designated for the whole of the United Kingdom, Great Britain only, or Northern Ireland only. Subsection (4) states that a designation notice to the operator of cash access coordination arrangements must specify the arrangements in as much detail as is reasonably practicable. Subsection (5) provides that before HM Treasury can give a designation notice to a person it must consult the FCA, notify the person, and consider any representations made.
	Subsection (6) provides that a designated person must comply with rules made by the FCA (see section 131V) and any directions given by the FCA (see section 131W).