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;