422 Recognised banks, etc. E+W+S
(1)The Secretary of State may, by order made with the concurrence of the Treasury and after consultation with the [F1Financial Services Authority], provide that such provisions in the first Group of Parts as may be specified in the order shall apply in relation to [F2authorised institutions and former authorised institutions within the meaning of the Banking Act 1987] with such modifications as may be so specified.
(2)An order under this section may make different provision for different cases and may contain such incidental, supplemental and transitional provisions as may appear to the Secretary of State necessary or expedient.
(3)An order under this section shall be made by statutory instrument subject to annulment in pursuance of a resolution of either House of Parliament.
Textual Amendments
F1Words in s. 422(1) substituted (1.6.1998) by 1998 c. 11, s. 23, Sch. 5 Pt. I Chapter III para. 37; S.I. 1998/1120, art. 2
F2Words substituted by Banking Act 1987 (c. 22, SIF 10), s. 108(1), Sch. 6 para. 25(2)
Modifications etc. (not altering text)
C1S. 422 extended by Company Directors Disqualification Act 1986 (c. 46, SIF 27), ss. 21(2), 25