Transitory modification in respect of the commencement of paragraph 13 of Schedule 8 to the Act (Monitor)11

Until the commencement of—

a

section 145 of the Act (borrowing), paragraph 13 of Schedule 8 is to be read as if “section” were substituted for “sections”, and as if “145 and” and “power to borrow for exercising functions in relation to financial assistance and” were omitted; and

b

section 146 of the Act (shortfall; or excess of available funds, etc.), paragraph 13 of Schedule 8 is to be read as if “section” were substituted for “sections”, and as if “and 146” and “and power of Secretary of State to lend etc.” were omitted.