Transfer of functions to the AuthorityU.K.
21 Transfer.U.K.
The following functions of the Bank are hereby transferred to the Authority—
(a)its functions under—
F1(i). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F1(ii). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(iii)section 101(4) of the M1Building Societies Act 1986,
(banking supervision functions),
F1(b). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F1(c). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Textual Amendments
F1S. 21(a)(i)(ii)(b)(c) repealed (1.12.2001) by S.I. 2001/3649, arts. 1, 162(a)
Marginal Citations
22 Supplementary provisions.U.K.
Schedule 4 (transfer of functions: supplementary provisions) shall have effect.
23 Consequential amendments.U.K.
[F2(1)Schedule 5 (amendments of primary, and other principal, legislation consequential on the transfer of functions by section 21) shall have effect.]
(2)The Treasury may by order make such amendments or revocations of any instrument made under an Act as they think necessary or expedient in consequence of the transfer of functions by this Part.
(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
F2S. 23(1) repealed (for specified purposes) (1.12.2001) by S.I. 2001/3649, arts. 1, 162(b)