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The Banking Coordination (Second Council Directive) Regulations 1992
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Notice of revocation, restriction or surrender
30.—(1) After subsection (3) of section 13 of the Banking Act (notice of revocation or restriction) there shall be inserted the following subsection—
“(3A) Where the Bank gives a notice under subsection (1) above to a credit institution incorporated in or formed under the law of any part of the United Kingdom, it shall give a copy of that notice to every other authority which the Bank knows is—
(a)a connected UK authority; or
(b)a supervisory authority in another member State in which the institution is carrying on a listed activity.”
(2) After subsection (3) of section 15 of that Act (surrender of authorisation) there shall be inserted the following subsection—
“(4) Where the Bank receives a notice of surrender under subsection (1) above from a credit institution incorporated in or formed under the law of any part of the United Kingdom, it shall give a copy of that notice to every other authority which the Bank knows is—
(a)a connected UK authority; or
(b)a supervisory authority in another member State in which the institution is carrying on a listed activity.”
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