PART 5MISCELLANEOUS

Notification requirement31

1

The Treasury must notify the Authority of the making of this Order.

2

A notification under paragraph (1)—

a

may be given by such means as the Treasury consider appropriate;

b

must be given to the Authority as soon as reasonably practicable after the effective time.

3

On receiving a notification under paragraph (1), the Authority must in turn notify any relevant EEA authority of the making of the Order.

4

A notification under paragraph (3)—

a

may be given by such means as the Authority considers appropriate;

b

must be given to the relevant EEA authority as soon as reasonably practicable after the Authority is notified under paragraph (1).

5

“Relevant EEA authority” means any regulatory authority in an EEA state that exercises functions in relation to any office or branch of the authorised deposit-taker in question in that state.