There are currently no known outstanding effects for the Financial Services and Markets Act 2023, Paragraph 162.
162(1)The Banking Act 2009 is amended as follows.
(2)In section 1 (overview), in the table in subsection (6), omit the entry relating to sections 89B to 89G.
(3)In section 2 (interpretation: bank), omit subsection (9).
(4)In section 39A (banks which are recognised central counterparties)—
(a)for “Sections 89C to 89E” substitute “Paragraphs 59, 60 and 108 of Schedule 11 to the Financial Services and Markets Act 2023”;
(b)for “section 89G(2)” substitute “paragraph 155(2) of Schedule 11 to that Act”.
(5)In section 75 (power to change law), in subsection (5) omit paragraph (cb).
(6)Omit sections 89B to 89G and the cross-heading preceding section 89B.
(7)In section 259 (statutory instruments), in Part 1 of the Table, omit the entry relating to section 89F.
(8)In section 261 (index), in the Table, omit the following entries—
(a)“PRA-authorised person”, and
(b)“recognised central counterparty”.
Commencement Information
I1Sch. 11 para. 162 not in force at Royal Assent, see s. 86(3)
I2Sch. 11 para. 162 in force at 31.12.2023 by S.I. 2023/1382, reg. 8(b) (with reg. 14)
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