Bank of England Act 1998

Part IIIU.K. Transfer of supervisory functions of the Bank to the Financial Services Authority

F1...U.K.

Textual Amendments

F1S. 21 cross-heading omitted (1.4.2013) by virtue of Financial Services Act 2012 (c. 21), s. 122(3), Sch. 18 para. 85(3)(a) (with Sch. 20); S.I. 2013/423, art. 3, Sch.

F221 Transfer.U.K.

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Textual Amendments

22 Supplementary provisions.U.K.

Schedule 4 (transfer of functions: supplementary provisions) shall have effect.

23 Consequential amendments.U.K.

[F3(1)Schedule 5 (amendments of primary, and other principal, legislation consequential on the transfer of functions by section 21) shall have effect.]

F4(2). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(3)If a reference in a relevant provision to the Bank is predicated on the continuing exercise by the Bank of any of the transferred functions, it shall, in relation to any time after the coming into force of this Act, have effect as a reference to the Authority.

(4)In subsection (3), “relevant provision” means a provision which—

(a)has effect before, as well as after, the coming into force of this Act, and

(b)is contained in a document other than an Act or an instrument made under an Act.

Textual Amendments

F3S. 23(1) repealed (for specified purposes) (1.12.2001) by S.I. 2001/3649, arts. 1, 162(b)

F5...U.K.

Textual Amendments

F5S. 24 and cross-heading omitted (1.4.2013) by virtue of Financial Services Act 2012 (c. 21), s. 122(3), Sch. 18 para. 85(3)(c) (with Sch. 20); S.I. 2013/423, art. 3, Sch.

F524 Status.U.K.

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F625. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .U.K.

Textual Amendments

F6S. 25 repealed (1.12.2001) by S.I. 2001/3649, arts. 1, 162(c)

F726. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .U.K.

Textual Amendments

F7S. 26 repealed (1.12.2001) by S.I. 2001/3649, arts. 1, 162(d)

F827. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .U.K.

Textual Amendments

F8S. 27 repealed (1.12.2001) by S.I. 2001/3649, arts. 1, 162(e)

Consequential changes to banking bodiesU.K.

F928. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .U.K.

Textual Amendments

F9S. 28 repealed (1.12.2001) by S.I. 2001/3649, arts. 1, 162(e)

F1029. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .U.K.

Textual Amendments

F10S. 29 repealed (1.12.2001) by S.I. 2001/3649, arts. 1, 162(e)

SupplementaryU.K.

30 Interpretation of Part III.U.K.

In this Part—

  • the Authority” means the Financial Services Authority;

  • transferred functions” means the functions transferred to the Authority by this Part.