The Scottish Banknote (Designation of Authorised Bank) Regulations 2018 No. 169 (S. 2)

Statutory Instruments

2018 No. 169 (S. 2)

Banks And Banking, Scotland

The Scottish Banknote (Designation of Authorised Bank) Regulations 2018

Made

7th February 2018

Coming into force in accordance with regulation 1

The Treasury make the following Regulations in exercise of the powers conferred by section 214A(1) and (8)(c) of the Banking Act 2009(1).

In accordance with section 214A(6) of the Banking Act 2009, the Bank of England has, following the preparation and publication of the statement required by section 214A(7) of that Act, consented to the designation made by these Regulations.

A draft of this instrument has been laid before Parliament in accordance with section 214A(9) of the Banking Act 2009 and approved by a resolution of each House of Parliament.

(1)

2009 c.1; section 214A was inserted by section 38(5) of the Bank of England and Financial Services Act 2016 (c.14).