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Changes over time for: Section 89E
Llinell Amser Newidiadau
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Version Superseded: 31/12/2023
Status:
Point in time view as at 31/12/2020. This version of this provision has been superseded.
Status
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Changes to legislation:
Banking Act 2009, Section 89E is up to date with all changes known to be in force on or before 18 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.
Changes to Legislation
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[89ERecognition of transferee companyU.K.
This
adran has no associated
Nodiadau Esboniadol
(1)The Bank of England may provide for a company to which the business of a [recognised central counterparty] is transferred in accordance with section 12(2) to be treated as a [recognised central counterparty] for the purposes of the Financial Services and Markets Act 2000—
(a)for a specified period, or
(b)until a specified event occurs.
(2)The provision may have effect—
(a)for a period specified in the instrument, or
(b)until the occurrence of an event specified or described in the instrument.
(3)The power under this section—
(a)may be exercised only with the consent of the Treasury, and
(b)must be exercised by way of provision in a property transfer instrument (or supplemental instrument).]
Yn ôl i’r brig