2Sections 83 to 85 of the Banking Act 1987 (exceptions to restriction on disclosure of information received under or for the purposes of the Act) shall, in relation to information received before the day on which this Act comes into force, continue to have effect without the amendments made by paragraphs 53 to 55 of Schedule 5, but with the modifications mentioned in paragraphs 3 to 5 below.
3(1)Section 83 is amended as follows.
(2)In subsection (1), paragraphs (a) and (c) are omitted.
(3)Subsections (2) and (3) are omitted.
4(1)Section 84 is amended as follows.
(2)In subsection (1), in the Table, after entry 1 there is inserted—
| “1A The Financial Services Authority. | Functions under the [1986 c. 60.] Financial Services Act 1986 (other than as a designated agency within the meaning of that Act), the Banking Act 1987 or section 171 of the [1989 c. 40.] Companies Act 1989. |
;”and in entry 18, for “Bank” there is substituted “Financial Services Authority”.
(3)Subsections (2) and (3) are omitted.
(4)In subsection (6)(a)(i), for “Bank” there is substituted “Financial Services Authority”.
5In section 85(1)(f), for “Bank” there is substituted “Financial Services Authority”.