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The Banking Act 1987 (Commencement No. 1) Order 1987

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Statutory Instruments

1987 No. 1189 (C. 32)

BANKS AND BANKING

The Banking Act 1987 (Commencement No. 1) Order 1987

Made

9th July 1987

The Treasury, in exercise of the powers conferred upon them by section 110(2) of the Banking Act 1987(1), hereby make the following Order:

1.  This Order may be cited as the Banking Act 1987 (Commencement No. 1) Order 1987.

2.  The provisions of the Banking Act 1987 specified in the Schedule to this Order shall come into force on 15th July 1987.

Mark Lennox-Boyd

Tony Durant

Two of the Lords Commissioners of Her Majesty’s Treasury

9th July 1987

SCHEDULE

Provisions of the ActSubject matter of provisions
Part V.Restriction on disclosure of information.
Section 102.Orders and regulations.
Section 106.Interpretation.
Section 107 (in so far as it relates to Schedule 5, paragraph 14).Transitional provisions.
Section 108(1) (in so far as it relates to Schedule 6, paragraph 26(5)) and (2) (in so far as it relates to the entries in Schedule 7 referred to below).Minor and consequential amendments, repeals and revocations.
Section 109.Northern Ireland.
Section 110.Short title and commencement.
Schedule 5, paragraph 14.Restriction on disclosure of information.
Schedule 6, paragraph 26(5).Amendment of the Building Societies Act 1986(2).

Schedule 7, entries in that Schedule relating to—

  • the Banking Act 1979(3), section 20;

  • the Building Societies Act 1986, section 54(4) and (5);

  • the Financial Services Act 1986(4), Schedule 13, paragraph 4.

Repeals.

Explanatory Note

(This note is not part of the Order)

This Order brings into force on 15th July 1987 the provisions of the Banking Act 1987 relating to restrictions on disclosure of information obtained by the Bank of England, the making of orders, interpretation, certain consequential amendments and repeals, the application of the Act to Northern Ireland, its short title and commencement.

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