SCHEDULES
SCHEDULE 5Transfer of functions: consequential amendments
Part IVGeneral: disclosure of information
Chapter IBanking Act 1987
56
1
Section 86 is amended as follows.
2
In subsections (1), (2)(a), (3) and (4A), for “Bank”, wherever occurring, there is substituted “Authority”.
3
In subsection (5), for the definition of “relevant functions” there is substituted—
“relevant functions”, in relation to the Authority, means its functions under this Act and its functions as a supervisor of money market institutions;