The Bank of England and Financial Services Act 2016 (Commencement No. 4 and Saving Provision) Regulations 2017

Appointed day for the coming into force of paragraph 50(6) of Schedule 2 to the Act and saving provision

3.—(1) Subject to paragraph (2), section 16 (amendments relating to Part 1) comes into force on the appointed day for the purpose of introducing paragraph 50(6) of Schedule 2 to the Act.

(2) The repeal of paragraphs 22 and 23 of Schedule 1ZB to the Financial Services and Markets Act 2000(1) (“FSMA”) by paragraph 50(6) of Schedule 2 to the Act does not apply for the purpose of—

(a) preparing, sending and laying the accounts of the company for the accounting period ending 28th February 2017 or such other date as the directors may determine, and

(b) the examination, certification and report on those accounts by the Comptroller and Auditor General.

(3) For the purpose of paragraph (2)—

(a) references to the “PRA” in paragraphs 22 and 23 of Schedule 1ZB to FSMA are to be read as references to the company, and

(b) “the company” has the meaning given in paragraph 1 of Schedule 3 to the Act.

(1)

2000 c. 8. Schedule 1ZB (together with Schedule 1ZA) substituted for Schedule 1 to the Financial Services and Markets Act 2000 (c. 8) by section 6(2) of, and Schedule 3 to, the Financial Services Act 2012 (c. 21).