1987 No. 1292

BANKS AND BANKING

The Banking Act 1987 (Disclosure of Information) (Specified Persons) Order 1987

Made

Laid before Parliament

Coming into force

The Treasury, in exercise of the powers conferred upon them by section 84(2) of the Banking Act 19871 and after consultation with the Bank of England, hereby make the following Order:

Citation and commencement1

This Order may be cited as the Banking Act 1987 (Disclosure of Information) (Specified Persons) Order 1987 and shall come into force on 13th August 1987.

Addition of specified person2

The body known as the Panel on Take-overs and Mergers is added to the Table in section 84 of the Banking Act 1987 in relation to all its functions.

Mark Lennox-BoydDavid LightbownTwo of the Lords Commissioners of Her Majesty’s Treasury

(This note is not part of the Order)

This Order specifies the Panel on Take-overs and Mergers (“the Panel”) for the purposes of section 84 of the Banking Act 1987. The effect of specifying is to permit the Bank of England to disclose to the Panel information which would otherwise be restricted, if disclosure is for the purpose of enabling or assisting the Panel to discharge any of its functions.