2 Power to suspend financial dealings
Banking and Financial Dealings Act 1971 (1971 c 80) | Legislation

2  Power to suspend financial dealings

(1)     If it appears to the Treasury necessary or expedient so to do in the national interest, they may by order (made by statutory instrument, which shall be laid before Parliament after being made) give, with respect to a day specified in the order, all or any of the following directions, namely:—

(a)     a direction that, subject to any exceptions for which provision may be made by the order, no person carrying on the business of a banker shall, except with permission granted by or on behalf of the Treasury, effect on that day, in the course of that business, any transaction or, according as may be specified in the order, a transaction of such kind as may be so specified;

(b)     a direction that, subject as aforesaid, [no person] shall, on that day, except with permission so granted, deal in any foreign currency or, according as may be specified in the order, foreign currency of such kind as may be so specified;

(c)     a direction that, subject as aforesaid,

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