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The Bank of England Act 1998 (Transfer Scheme Appointed Day) Order 1998
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- UK Statutory Instruments
- 1998 No. 2372
- Explanatory Note
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Explanatory Note
(This note is not part of the Order)
This Order appoints 1st October 1998 as the day on which the transfer scheme provided for by paragraph 3 of Schedule 4 to the Bank of England Act 1998 is to come into force. This scheme transfers to the Financial Services Authority such of the Bank of England’s property, rights and liabilities as appear to the Bank appropriate to be transferred in consequence of the transfer of supervisory functions by Part III of the Act.
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