SCHEDULES
SCHEDULE 5 Transfer of functions: consequential amendments
Part I Banking supervision
Chapter I Banking Act 1987
5
In section 11—
a
for “Bank”, wherever occurring, except subsection (1A)(c), there is substituted “
Authority
”
, and
b
in subsection (1A)(c)—
i
for “the Bank is informed by The Securities and Investments Board, or” there is substituted “
it appears to the Authority, or the Authority is informed by
”
, and
ii
in paragraph (ii), for “that Board or” there is substituted “
the Authority or that
”
.