On 5 March 2015 the Banking Act 2009 (Inter-Bank Payment Systems) (Disclosure and Publication of Specified Information) (Amendment) Regulations 2015 were laid before Parliament and they came into force on 1 April 2015. These Regulations amend the Banking Act 2009 (Inter-Bank Payment Systems) (Disclosure and Publication of Specified Information) Regulations 2010, allowing the Bank of England to share information obtained by it in connection with its oversight of interbank payment systems with the Payment Systems Regulator.
What this means for you
Without these Regulations, the Bank of England would remain unable to share information that might be useful for the PSR’s functions, except when the information is relevant to financial stability. Please see the Treasury’s Explanatory Memorandum for further information.