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Financial Services (Banking Reform) Act 2013

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Changes over time for: Section 121

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Changes to legislation:

Financial Services (Banking Reform) Act 2013, Section 121 is up to date with all changes known to be in force on or before 21 November 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations. Help about Changes to Legislation

121Conduct of administration, transfer schemes etc.U.K.

This section has no associated Explanatory Notes

(1)Schedule 6 (which applies the provisions of Schedule B1 to the 1986 Act about ordinary administration orders and certain other enactments to FMI administration orders) has effect.

(2)Schedule 7 (which makes provision for transfer schemes to achieve the objective of an FMI administration) has effect.

(3)The power to make rules conferred by section 411(1B) of the 1986 Act (rules relating to bank administration) is to apply for the purpose of giving effect to this Part as it applies for the purposes of giving effect to Part 3 of the Banking Act 2009 (and, accordingly, as if the reference in section 411(1B) to that Part included a reference to this Part).

Commencement Information

I1S. 121(1)(3) in force at 1.3.2014 for specified purposes by S.I. 2014/377, art. 2(1)(b), Sch. Pt. 2

I2S. 121(1)(3) in force at 13.7.2018 for E.W. in so far as not already in force by S.I. 2018/848, art. 2(b)

I3S. 121(2) in force at 13.7.2018 for E.W. by S.I. 2018/848, art. 2(c)

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