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Banking Act 2009

Section 249: Functions

551.This section modifies the application of references to the functions of the Financial Services Authority to encompass the functions in the Act.

552.Subsection (1) specifies that references to functions of the Authority by or under the Financial Services and Markets Act, 2000 are taken to include a reference to functions conferred under the Act.

553.Subsection (2) specifies that any other references to functions of the Authority in an enactment are taken to include a reference to the functions under the Act.

554.Subsection (3) enables the Treasury by Order to disapply subsections (1) or (2), in case of a reference to functions which needs to be given a narrower meaning.

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