The Banking Coordination (Second Council Directive) (Amendment) Regulations 1995

Statutory Instruments

1995 No. 1217

BANKING

The Banking Coordination (Second Council Directive) (Amendment) Regulations 1995

Made

3rd May 1995

Laid before Parliament

4th May 1995

Coming into force

1st June 1995

Whereas the Treasury are a government department designated(1) for the purposes of section 2(2) of the European Communities Act 1972(2) in relation to measures relating to credit and financial institutions and to the taking of deposits or other repayable funds from the public;

Now, therefore, the Treasury in exercise of the powers conferred on them by section 2(2) of that Act and of all other powers enabling them in that behalf hereby make the following Regulations:—

(1)

S.I. 1990/1304.

(2)

1972 c. 68; by virtue of the amendment of section 1(2) of the European Communities Act by section 1 of the European Economic Area Act 1993 (c. 51) regulations may be made under section 2(2) of the European Communities Act to implement obligations of the United Kingdom created or arising by or under the Agreement on the European Economic Area signed at Oporto on 2nd May 1992 (Cm 2073) and the Protocol adjusting the Agreement signed at Brussels on 17th March 1993 (Cm 2183); section 2(4) provides that in relation to matters to which the Agreement relates section 2(2) of the 1972 Act includes power to modify relevant enactments to provide for equivalent treatment of member States and other States in the European Economic Area.