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The Kaupthing Singer & Friedlander Limited Transfer of Certain Rights and Liabilities Order 2008
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Modification to Authority’s duty to consult on rule changes
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30.—(1) Section 155(7) of the 2000 Act (consultation) has effect as if modified by adding at the end—
“or if it is making rules for the purposes of, or to facilitate or in consequence of, a transfer under section 6 or section 8 of the Banking (Special Provisions) Act 2008.”
(2) Section 157 of the 2000 Act (guidance) has effect as if modified by adding after subsection (3)—
“(3A) Section 155(7) applies to proposed guidance as it applies to proposed rules with the modification made by article 30 of the Kaupthing Singer & Friedlander Limited Transfer of Certain Rights and Liabilities Order 2008.”.
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