The Investment Services Regulations 1995

Banking Act 1987 (c. 22)

9.  Section 11 of the Banking Act 1987(1) (revocation of authorisation) shall have effect as if the reference in sub-paragraph (f) of subsection (1A) to any rule of law in force in another member State for purposes connected with the implementation of the Second Council Directive included a reference to any rule of law in another EEA State for purposes connected with the implementation of the Investment Services Directive.

10.  Section 12A of the Banking Act 1987(2) (revocation and restriction on information from supervisory authority) shall have effect as if the reference in subsection (i) to any rule of law in force for purposes connected with the implementation of the Second Council Directive included a reference to any rule of law in force in another EEA State for purposes connected with the implementation of the Investment Services Directive.

11.  Section 82 of the Banking Act 1987(3) shall have effect as if amongst the functions specified in the second column of the Table set out in that section—

(a) in relation to a designated agency (within the meaning of the Financial Services Act); and

(b) in relation to a recognised self-regulating organisation (within the meaning of the Financial Services Act),

were any functions of such an agency or such an organisation as a competent authority designated by the United Kingdom for the purposes of Article 22 of the Investment Services Directive or for the purposes of Article 9 of the Capital Adequacy Directive.

(1)

Section 11(1A) was inserted by regulation 28 of the Banking Co-ordination (Second Council Directive) Regulations 1992.

(2)

Section 12A was inserted by regulation 29 of the Banking Co-ordination (Second Council Directive) Regulations 1992.

(3)

1987 c. 22, Section 82 of the Banking Act 1987 has been amended by the Banking Coordination (Second Council Directive) Regulations 1992 (S.I. 1992/3218).