SCHEDULE 3 Saving and Transitional Provision Relating to Part 1
Bank of England and Financial Services Act 2016 (2016 c 14) | Legislation

SCHEDULE 3 Saving and Transitional Provision Relating to Part 1

Section 17

Interpretation

1

In this Schedule—

“the Bank†means the Bank of England;

“the company†means the body corporate originally incorporated as the Prudential Regulation Authority Limited and renamed as the Prudential Regulation Authority by section 2A of the Financial Services and Markets Act 2000 (as it had effect before section 12 came into force);

“enactment†has the same meaning as in Part 1A of that Act (see section 3T);

“transferred function†means a function transferred from the company to the Bank by virtue of section 12;

“transferred property†means any property, right or liability transferred from the company to the Bank by virtue of section 15.

Saving for orders under section 2A(6)(d) of the Financial Services and Markets Act 2000

2

An order made under section 2A(6)(d) of the Financial Services and Markets Act 2000 before section 12 of this Act comes into force—

(a)     is not revoked by virtue of section 12 coming into force, and

(b)     may be amended or revoked as if made under section 2AB(3)(d) of the Financial Services and Markets Act 2000 (inserted by section 12).

Prudential regulation strategy

3

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