C1C2Part XV Subordinate Legislation

Annotations:
Modifications etc. (not altering text)
C1

Pt. XV (ss. 411-422) applied (with modifications) (1.12.1994) by S.I. 1994/2421, arts. 8(4)(5)(8)(9), 10(2)(3)(6), Sch. 4 Pt. II, Sch. 7

C2

Third Group of Parts (Pts. 12-19) applied to limited liability partnerships (with modifications) (E.W.S.) (6.4.2001) by S.I. 2001/1090, reg. 5, Schs. 3, 4 (as amended (4.3.2004) by S.I. 2004/355, art. 10 and (1.10.2005) by S.I. 2005/1989, reg. 3, Sch. 2 (with reg. 4))

Other order-making powers

422 Recognised banks, etc.C3

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 F2any person who continues to have a liability in respect of a deposit which was held by him in accordance with the Banking Act 1979 or 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.