Part III Transfer of supervisory functions of the Bank to the Financial Services Authority

Transfer of functions to the Authority

21 Transfer

The following functions of the Bank are hereby transferred to the Authority—

(a) its functions under—

(i) the [1987 c. 22.] Banking Act 1987,

(ii) the [S.I. 1992/3218.] Banking Coordination (Second Council Directive) Regulations 1992, and

(iii) section 101(4) of the [1986 c. 53.] Building Societies Act 1986,

(banking supervision functions),

(b) its functions under—

(i) section 43 of the [1986 c. 60.] Financial Services Act 1986, and

(ii) the [S.I. 1995/3275.] Investment Services Regulations 1995,

(functions relating to the listing of money market institutions), and

(c) its functions under section 171 of the [1989 c. 40.] Companies Act 1989 (functions relating to the listing of persons providing settlement arrangements).