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SCHEDULES

SCHEDULE 5Transfer of functions: consequential amendments

Part IBanking supervision

Chapter IIIOther Enactments

Consumer Credit Act 1974 (c. 39)

36In the Consumer Credit Act 1974, in section 16(3)(f), for “Bank of England” there is substituted “Financial Services Authority”.

Insolvency Act 1986 (c. 45)

37In the Insolvency Act 1986, in section 422(1), for “Bank of England” there is substituted “Financial Services Authority”.

Building Societies Act 1986 (c. 53)

38(1)Section 101 of the Building Societies Act 1986 is amended as follows.

(2)In subsection (4), for “Bank”, in both places, there is substituted “Authority”.

(3)In subsection (6)—

(a)for the definition of “the Bank” there is substituted—

“the Authority” means the Financial Services Authority, and

(b)in paragraph (c) of the definition of “financial institution”, for “Bank” there is substituted “Authority”.

Financial Services Act 1986 (c. 60)

39In the Financial Services Act 1986, in sections 128C(3)(a)(iii), 185(4) and 186(7), for “Bank of England” there is substituted “Financial Services Authority”.

Insolvency (Northern Ireland) Order 1989 S.I. 1989/2405 (N.I. 19)

40In the Insolvency (Northern Ireland) Order 1989, in Article 366, for “Bank of England” there is substituted “Financial Services Authority”.

Courts and Legal Services Act 1990 (c. 41)

41(1)The Courts and Legal Services Act 1990 is amended as follows.

(2)In sections 37(8)(a) and 48(4)(a), the words “by the Bank of England” are omitted.

(3)In section 52(6)—

(a)in paragraph (a), the words “by the Bank of England” are omitted, and

(b)for “with the Bank of England” there is substituted “with the Financial Services Authority”.

(4)In section 54(1), in the inserted subsection (2)(e)(i), the words “by the Bank of England,” are omitted.

Charities Act 1993 (c. 10)

42In the Charities Act 1993, in section 28(8)(b)(ii), for “Bank of England” there is substituted “Financial Services Authority”.

Building Societies Act 1997 (c. 32)

43(1)Section 32 of the Building Societies Act 1997 is amended as follows.

(2)In subsection (1), for “Bank” there is substituted “Authority”.

(3)In subsection (3)(a), for “Governor of the Bank” there is substituted “Chairman of the Authority”.

(4)In subsection (7), for the definition of “the Bank” there is substituted—

“the Authority” means the Financial Services Authority.