Part XXVIII Miscellaneous

Removal of certain unnecessary provisions

I1416 Provisions relating to industrial assurance and certain other enactments.

1

The following enactments are to cease to have effect—

a

the M1Industrial Assurance Act 1923;

b

the M2Industrial Assurance and Friendly Societies Act 1948;

c

the M3Insurance Brokers (Registration) Act 1977.

2

The M4Industrial Assurance (Northern Ireland) Order 1979 is revoked.

3

The following bodies are to cease to exist—

a

the Insurance Brokers Registration Council;

b

the Policyholders Protection Board;

c

the Deposit Protection Board;

d

the Board of Banking Supervision.

4

If the Treasury consider that, as a consequence of any provision of this section, it is appropriate to do so, they may by order make any provision of a kind that they could make under this Act (and in particular any provision of a kind mentioned in section 339) with respect to anything done by or under any provision of Part XXI.

5

Subsection (4) is not to be read as affecting in any way any other power conferred on the Treasury by this Act.