SCHEDULES

SCHEDULE 5U.K. Transfer of functions: consequential amendments

Part IVU.K. General: disclosure of information

Chapter IIU.K. Other Enactments

Consumer Credit Act 1974 (c. 39)U.K.

60U.K.In section 174(3A) of the Consumer Credit Act 1974—

(a)for “Bank of England” there is substituted “ Financial Services Authority ”, and

(b)for “Bank” there is substituted “ Authority ”.

Insurance Companies Act 1982 (c. 50)U.K.

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Companies Act 1985 (c. 6)U.K.

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Companies (Northern Ireland) Order 1986 (S.I. 1986/1032 (N.I. 6))U.K.

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Building Societies Act 1986 (c. 53)U.K.

64(1)The Building Societies Act 1986 is amended as follows.U.K.

(2)In section 53, in subsection (5)—

(a)for “Bank of England”, in the first place where it occurs, there is substituted “ Financial Services Authority ”,

(b)for paragraph (b) there is substituted—

“(b)by the Authority of any of its functions under the Banking Act 1987 or as a supervisor of money market institutions;”, and

(c)for “Bank of England”, in the second place where it occurs, there is substituted “ Authority ”.

(3)In that section, after subsection (5) there is inserted—

“(5A)Nothing in subsection (1) above prohibits the disclosure of information to the Bank of England where, in the opinion of the Commission, it is desirable or expedient that the information should be disclosed with a view to facilitating the discharge—

(a)by the Commission of any of its functions under this Act; or

(b)by the Bank of any of its functions;

nor does subsection (1) above prohibit further disclosure of the information by the Bank of England with the consent of the Commission.”

(4)In section 54(3A)—

(a)for “Bank of England”, in the first place where it occurs, there is substituted “ Financial Services Authority, other than in its capacity as a designated agency within the meaning of the M1Financial Services Act 1986, ”, and

(b)for “Bank of England”, in the second place where it occurs, there is substituted “ Financial Services Authority ”.

Financial Services Act 1986 (c. 60)U.K.

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Companies Act 1989 (c. 40)U.K.

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Courts and Legal Services Act 1990 (c. 41)U.K.

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Friendly Societies Act 1992 (c. 40)U.K.

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Pension Schemes Act 1993 (c. 48)U.K.

69(1)The Pension Schemes Act 1993 is amended as follows.U.K.

(2)In section 149(6)(e), for “Bank of England” there is substituted “ Financial Services Authority ”.

(3)In section 158A(1), in the Table, in the entry relating to the Bank of England, for the words in the second column there is substituted “Any of its functions”, and after that entry there is inserted—

Pension Schemes (Northern Ireland) Act 1993 (c.49)U.K.

70(1)The Pension Schemes (Northern Ireland) Act 1993 is amended as follows.U.K.

(2)In section 145(6)(e), for “Bank of England” there is substituted “ Financial Services Authority ”.

(3)In section 154A(1), in the Table, in the entry relating to the Bank of England, for the words in the second column there is substituted “ Any of its functions ”, and after that entry there is inserted—

Pensions Act 1995 (c. 26)U.K.

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Pensions (Northern Ireland) Order 1995 (S.I. 1995/3213 (N.I. 22))U.K.

72U.K.In Article 105(1) of the Pensions (Northern Ireland) Order 1995, in the Table, in the entry relating to the Bank of England, for the words in the second column there is substituted “ Any of its functions ”, and after that entry there is inserted—