Statutory Instrument 1990 No. 1982

The Trustee Savings Banks Act 1985 (Appointed Day)(No. 7) Order 1990

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© Crown Copyright 1990

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1990 No. 1982

SAVINGS BANKS

The Trustee Savings Banks Act 1985 (Appointed Day)(No. 7) Order 1990

The Treasury, in exercise of the powers conferred upon them by section 2(4) and 4(2), (3) and (4) of the Trustee Savings Banks Act 1985^[1], hereby make the following Order:

    1.    This Order may be cited as the Trustee Savings Banks Act 1985 (Appointed Day) (No. 7) Order 1990.

    2.    31st October 1990 shall be the appointed day for the purposes of both section 2(4) and section 4(2) of the Trustee Savings Banks Act 1985 (which respectively provide for the abolition of the Central Board and the dissolution of the existing banks) and, subject to the savings provisions hereinafter appearing, for the repeal of the provisions of the Trustee Savings Banks Act 1981^[2] (referred to below in this Order as "the 1981 Act") which are set out in the Schedule to this Order.

    3.    Nothing in the repeal of subsection (3) of section 3 of the 1981 Act shall affect the continued operation of that subsection in any case where proof of certification as a savings bank under the 1981 Act or any earlier enactment relating to trustee savings banks may be necessary.

    4.    Nothing in the repeal of subsection (2) of section 6 of the 1981 Act shall affect the continued operation of that subsection in any case where proof of the rules of a trustee savings bank may be necessary.

    5.    Nothing in the repeal of subsection (9) of section 15 of the 1981 Act shall affect the continued operation of that subsection in any case where it may be necessary to prove that a document executed or a thing done by the custodian trustees of a trustee savings bank has been executed or done by them by the direction and on behalf of the trustees of the bank.

    6.    Nothing in the repeal of subsection (2) of section 16 of the 1981 Act shall affect the continued operation of that subsection in any case where it may be necessary to prove the identity of the custodian trustees of a trustee savings bank on any specified date or that any property was held by a person in trust for a trustee savings bank.

Sydney Chapman

John Major

Two of the Lords Commissioners of Her Majesty's Treasury.

28th September 1990

[1] 1985 c. 58, to which there are amendments not relevant to this Order. back

[2] 1981 c. 65. back

Explanatory Note