Financial Services (Banking Reform) Act 2013

This section has no associated Explanatory Notes

8U.K.In section 83A (modifications of Part 1 as it applies to banks not regulated by the Prudential Regulation Authority), in the table in subsection (2) insert the following entries at the appropriate places—

Section 8ASubsection (3)(a) does not apply unless the bank has as a member of its immediate group a PRA-authorised person.”
“Section 41ASubsection (4)(a) does not apply unless the bank has as a member of its immediate group a PRA-authorised person.”
“Section 44ASubsection (6)(a) does not apply unless the bank has as a member of its immediate group a PRA-authorised person.”
“Section 48HSubsection (5)(a) does not apply unless the bank has as a member of its immediate group a PRA-authorised person.
Section 48USubsection (4)(a) does not apply unless the bank has as a member of its immediate group a PRA-authorised person.
Section 48VSubsection (6)(a) does not apply unless the bank has as a member of its immediate group a PRA-authorised person.
Section 48WSubsection (9)(a) does not apply unless the bank has as a member of its immediate group a PRA-authorised person.”
“Section 81BASubsection (5)(b) does not apply unless the bank has as a member of its immediate group a PRA-authorised person.

Commencement Information

I1Sch. 2 para. 8 in force at 31.12.2014 by S.I. 2014/3160, art. 2(1)(b)