SCHEDULES

SCHEDULE 17Amendments of Banking Act 2009 related to Part 2 of this Act

PART 1Amendments of Part 1 of the Act

I17

1

Section 6 (code of practice: procedure) is amended as follows.

2

Omit subsections (1) and (2).

3

For subsection (4) substitute—

4

Before re-issuing the code of practice the Treasury must consult—

a

the PRA,

b

the FCA,

c

the Bank of England, and

d

the scheme manager of the Financial Services Compensation Scheme (established under Part 15 of the Financial Services and Markets Act 2000).

5

As soon as is reasonably practicable after re-issuing the code of practice the Treasury shall lay a copy before Parliament.