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2.—(1) Subject to paragraph (2), the Banks (Administration Proceedings) Order 1989(1) (“the 1989 Order”) is revoked.
(2) The 1989 Order shall continue in effect for the purposes of any proceedings begun before the commencement date under the first Group of Parts of the 1986 Act in relation to a former authorised institution within the meaning of Article 1A of that Order.
S.I. 1989/1276 amended by S.I. 1998/1129, S.I. 2001/3469 and S.I. 2002/1555.
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