Trustee Savings Banks Act 1985

Miscellaneous and general

6 Treatment of Scottish 1819 savings banks

(1) This section applies to any savings bank established before 28th July 1863 under an Act passed in the fifty-ninth year of King George III entitled an [1819 c. 62.] Act for the Protection of Banks for Savings in Scotland which has not since become a trustee savings bank.

(2) A savings bank to which this section applies shall be treated for the purposes of the [1979 c. 37.] Banking Act 1979 as an "institution " within the meaning of that Act and may accordingly be granted recognition or a licence for the purposes of that Act.

(3) In its application by virtue of subsection (2) above to a savings bank to which this section applies the Banking Act 1979 shall have effect subject to the adaptations specified in Schedule 3 to this Act, but nothing in that subsection is to be taken as affecting the application to such a savings bank of section 42 of that Act (provisions as to offences committed by unincorporated institutions).

(4) The Treasury may by order made by statutory instrument remove from the list in Schedule 1 to the Banking Act 1979 any savings bank to which this section applies.

(5) In this section " licence " and " recognition " have the same meaning as in the Banking Act 1979 and " trustee savings bank " means a bank certified under the [1981 c. 65.] Trustee Savings Banks Act 1981, the [1969 c. 50.] Trustee Savings Banks Act 1969, the [1954 c. 63.] Trustee Savings Banks Act 1954 or the [1863 c. 87.] Trustee Savings Banks Act 1863.

7 Short title, commencement, repeals and extent

(1) This Act may be cited as the Trustee Savings Banks Act 1985.

(2) This Act shall come into force at the end of the period of two months beginning with the day on which it is passed.

(3) The enactments to be repealed or revoked under section 4(3) above are those specified in Schedule 4 to this Act and, for the purposes of that subsection, " the other enactments relating to such banks " means the enactments so specified other than the Trustee Savings Banks Act 1981.

(4) Subject to subsection (5) below, this Act extends to Northern Ireland, the Isle of Man and the Channel Islands and shall have effect in that island or those islands subject to such adaptations and modifications as Her Majesty may by Order in Council specify.

(5) Where any enactment repealed or instrument revoked under section 4(3) above extends to any part of the United Kingdom or to the Isle of Man or the Channel Islands, the repeal or revocation extends to that part, that island or those islands.