Search Legislation

Bank of Ireland (UK) plc Act 2012

What Version

 Help about what version
  • Latest available (Revised)
  • Original (As enacted)

Opening Options

 Help about opening options

Status:

This is the original version (as it was originally enacted). This item of legislation is currently only available in its original format.

1Citation and commencement

This Act may be cited as the Bank of Ireland (UK) plc Act 2012 and, subject to section 3, comes into operation on the date on which it is passed.

2Interpretation

In this Act—

  • “the 2009 Act” means the Banking Act 2009;

  • “the appointed day” means such day as may, under section 3, be appointed for the purposes of this Act;

  • BOI(UK)” means Bank of Ireland (UK) plc;

  • “the Bank of Ireland” means The Governor and Company of the Bank of Ireland;

  • “the note issue enactments” means—

    (a)

    the Bank Charter Act 1844;

    (b)

    the Bankers (Ireland) Act 1845;

    (c)

    the Bank Notes (Ireland) Act 1864;

    (d)

    the Bank Notes (Ireland) Act 1920;

    (e)

    the Currency and Bank Notes Act 1928;

    (f)

    the Bankers (Northern Ireland) Act 1928;

    (g)

    Part 6 of the 2009 Act;

    (h)

    any regulations made under section 215 of the 2009 Act; and

    (i)

    any rules made by the Bank of England under such regulations.

3Appointed day

(1)The board of BOI(UK) may appoint a day to be the appointed day for the purposes of this Act.

(2)Before the appointed day, BOI(UK) shall publish in the London Gazette and the Belfast Gazette notice of the day appointed, stating that it is the appointed day for the purposes of this Act.

(3)The publication of a notice under subsection (2) shall be conclusive evidence of that appointed day, and a photocopy or other reproduction, certified by an authorised officer of BOI(UK), of a page or part of a page of the London Gazette or the Belfast Gazette containing the notice shall be conclusive evidence of publication.

4Right to issue banknotes to apply to BOI(UK)

(1)From the appointed day—

(a)BOI(UK) shall be an authorised bank for the purposes of Part 6 of the 2009 Act;

(b)the Bank of Ireland shall cease to be an authorised bank for those purposes; and

(c)for the purposes of any enactment (including section 26 of the Bankers (Ireland) Act 1845), BOI(UK) shall be deemed to be authorised to issue banknotes in Northern Ireland (including pre-appointment banknotes) in reliance on section 213 of the 2009 Act.

(2)Anything done by or to or in respect of the Bank of Ireland under the note issue enactments before the appointed day or any omission by the Bank of Ireland or failure by the Bank of Ireland to do something under the note issue enactments before that day shall, on and from that day, be treated, for the purposes of the note issue enactments, as having been done by or to or in respect of BOI(UK) or as having been an omission or failure by BOI(UK), as the case may be.

(3)From the appointed day, section 10 of the Bank Charter Act 1844 shall not apply to BOI(UK) in relation to the issuing of banknotes in Northern Ireland as authorised by subsection (1).

(4)From the appointed day, section 1 of the Bank Notes (Ireland) Act 1864 shall apply, so far as it relates to banknotes, as though for “the said Governor and Company” there were substituted “Bank of Ireland (UK) plc”.

(5)Any pre-appointment banknote shall, from the appointed day—

(a) be deemed to record an engagement by BOI(UK) to pay money to the bearer on demand instead of such an engagement by the Bank of Ireland; and

(b)be deemed to be a banknote of BOI(UK) for the purposes of the note issue enactments.

(6)On the appointed day, ownership by the Bank of Ireland of any preappointment banknotes that immediately before the appointed day were not in circulation transfers to BOI(UK).

(7)Nothing in this section shall affect the validity of any banknotes issued before the appointed day by the Bank of Ireland in accordance with the note issue enactments.

(8)In this section, a “pre-appointment banknote” means a Northern Ireland banknote of the Bank of Ireland which immediately before the appointed day was a “banknote” within the meaning of section 208 of the 2009 Act.

5Disapplication of banknote regulations and rules

(1)No relevant regulation or rule shall apply to the Bank of Ireland as a consequence of the Bank of Ireland ceasing to be or intending to cease to be an authorised bank under section 4(1)(b).

(2)In subsection (1), a “relevant regulation or rule” means—

(a)a regulation made under section 215 of the 2009 Act; or

(b)a rule made by the Bank of England under any such regulation,

which makes provision about the case where an authorised bank ceases or intends to cease issuing banknotes voluntarily.

6Saving for enactments concerning banking institutions

Except as provided in this Act, nothing in this Act shall exempt the Bank of Ireland or BOI(UK) or any subsidiary of BOI(UK) from the provisions of (or requirements or prohibitions imposed under) any enactment regulating the carrying on of the business of any of them.

7Extent

This Act extends to Northern Ireland.

Back to top

Options/Help

Print Options

Close

Legislation is available in different versions:

Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.

Original (As Enacted or Made):The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.

Close

Opening Options

Different options to open legislation in order to view more content on screen at once

Close

More Resources

Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • correction slips
  • links to related legislation and further information resources
Close

More Resources

Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • correction slips

Click 'View More' or select 'More Resources' tab for additional information including:

  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • links to related legislation and further information resources