Bank of England Act 1998

21Transfer

The following functions of the Bank are hereby transferred to the Authority—

(a)its functions under—

(i)the [1987 c. 22.] Banking Act 1987,

(ii)the [S.I. 1992/3218.] Banking Coordination (Second Council Directive) Regulations 1992, and

(iii)section 101(4) of the [1986 c. 53.] Building Societies Act 1986,

(banking supervision functions),

(b)its functions under—

(i)section 43 of the [1986 c. 60.] Financial Services Act 1986, and

(ii)the [S.I. 1995/3275.] Investment Services Regulations 1995,

(functions relating to the listing of money market institutions), and

(c)its functions under section 171 of the [1989 c. 40.] Companies Act 1989 (functions relating to the listing of persons providing settlement arrangements).