Bank of England Act 1998 (c. 11)

Part III U.K. Transfer of supervisory functions of the Bank to the Financial Services Authority

F1 ... U.K.

Textual Amendments

F1 S. 21 cross-heading omitted (1.4.2013) by virtue of Financial Services Act 2012 (c. 21), s. 122(3), Sch. 18 para. 85(3)(a) (with Sch. 20); S.I. 2013/423, art. 3, Sch.

F2 21 Transfer. U.K.

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Textual Amendments

F2 S. 21 omitted (1.4.2013) by virtue of Financial Services Act 2012 (c. 21), s. 122(3), Sch. 18 para. 85(3)(a) (with Sch. 20); S.I. 2013/423, art. 3, Sch.

22 Supplementary provisions. U.K.

Schedule 4 (transfer of functions: supplementary provisions) shall have effect.

23 Consequential amendments. U.K.

[F3 (1) Schedule 5 (amendments of primary, and other principal, legislation consequential on the transfer of functions by section 21) shall have effect.]

F4 (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(3) If a reference in a relevant provision to the Bank is predicated on the continuing exercise by the Bank of any of the transferred functions, it shall, in relation to any time after the coming into force of this Act, have effect as a reference to the Authority.

(4) In subsection (3), “relevant provision” means a provision which—

(a) has effect before, as well as after, the coming into force of this Act, and

(b) is contained in a document other than an Act or an instrument made under an Act.

Textual Amendments

F3 S. 23(1) repealed (for specified purposes) (1.12.2001) by S.I. 2001/3649, arts. 1, 162(b)

F4 S. 23(2) omitted (1.4.2013) by virtue of Financial Services Act 2012 (c. 21), s. 122(3), Sch. 18 para. 85(3)(b) (with Sch. 20); S.I. 2013/423, art. 3, Sch.