SCHEDULES

SCHEDULE 3Saving and transitional provision relating to Part 1

Construction of other documents

I19

1

Sub-paragraph (2) applies to any provision in a document other than an enactment that—

a

relates to a transferred function and is in effect immediately before the function is transferred, or

b

relates to transferred property and is in effect immediately before the property is transferred.

2

After the function or the property is transferred, any references in the provision (however expressed)—

a

to or including the company, or

b

having effect as references to or including the company,

are to be read, so far as is appropriate in consequence of the transfer, as to or including the Bank in its capacity as the Prudential Regulation Authority.