Bank of England and Financial Services Act 2016 (c. 14)

SCHEDULES

SCHEDULE 3 U.K. Saving and transitional provision relating to Part 1

Continuity: general provision U.K.

10 (1) The transfer of functions from the company to the Bank by virtue of section 12 does not affect the validity of anything done (or having effect as if done) by or in relation to the company before that section comes into force. U.K.

(2) The transfer of property, rights and liabilities from the company to the Bank by virtue of section 15 does not affect the validity of anything done (or having effect as if done) by or in relation to the company before that section comes into force.

Commencement Information

I1 Sch. 3 para. 10 in force at 1.3.2017 by S.I. 2017/43, reg. 2(h)