The directors of A/S may appoint a day to be the appointed day for the purposes of this Act:

Provided that the day appointed under this subsection shall not be before the requirements of paragraph 1 of Schedule 2 to the [S.I. 1992/3218.] Banking Coordination (Second Council Directive) Regulations 1992 have been complied with in relation to the establishment of a branch of A/S within the United Kingdom.

Before the day so appointed A/S shall publish in the London Gazette, the Edinburgh Gazette and the Belfast Gazette notice of the day appointed, stating that it is the appointed day for the purposes of this Act.