s 131R Designation
(1) The Treasury may designate a person for the purposes of this Part if the person is— (a) a relevant current account provider, or (b) an operator of cash access coordination arrangements, and at least one of the participants in the arrangements is a relevant current account provider designated under this section. (2) A person is designated by giving the person (the “designated person”) a notice in accordance with this Part (a “designation notice”). (3) A designation notice must specify whether the person is designated in relation to— (a) the United Kingdom, (b) Great Britain only, or (c) Northern Ireland only. (4) A designation notice given to the operator of cash access coordination arrangements must specify the arrangements in as much detail as is reasonably practicable. (5) Before giving a designation notice to a person the Treasury must— (a) consult the FCA, (b) notify the person, and (c) consider any representations made. (6) A designated person must— (a) comply with rules made by the FCA under section 131V ; (b) comply with directions given by the FCA to the designated person under section 131W .