- Latest available (Revised)
- Original (As made)
This is the original version (as it was originally made). This item of legislation is currently only available in its original format.
4.—(1) Any restriction or requirement imposed by or under any of the provisions specified by paragraph (3) is to be treated as a relevant requirement for the purposes of section 380(3)(a).
(2) An application under section 380(3) in relation to a contravention of a requirement mentioned in paragraph (1) may be made only by the Authority and only if the contravention occurred before commencement and, in relation to such an application, section 380(3) has effect subject to paragraph (4).
(3) The provisions specified by this paragraph are—
(a)section 3 (restriction on acceptance of deposits), 18 (false statements as to authorised status), 19 (directions), 32 (advertisement regulations), 34 (unsolicited calls), 35 (fraudulent inducement to make a deposit), 67 (restriction on use of banking names), 69 (restrictions on use of banking descriptions), 71 (notices relating to names of institutions), 77 (notices relating to names of overseas institutions) or 80 (regulations imposing requirements on overseas-based banks) of the Banking Act(1); and
(b)regulation 10 (power to restrict listed activities) or 23 (restriction on activities of UK subsidiaries) of the 2BCD Regulations.
(4) An order made under section 380(3) in relation to a contravention of a requirement mentioned in paragraph (1) has effect only while the suspected contravention is being investigated.
These provisions (except section 18) were amended by the Bank of England Act 1998 (c. 11) Schedule 5; sections 3, 18, 69 and 71 were modified by S.I. 1992/3218 and sections 3 and 32 were modified by S.I. 1995/1442.
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
Click 'View More' or select 'More Resources' tab for additional information including: