Statutory Instrument 1996 No. 1669

      The Financial Institutions (Prudential Supervision) Regulations 1996


      © Crown Copyright 1996

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STATUTORY INSTRUMENTS

1996 No. 1669

BANKING

The Financial Institutions (Prudential Supervision) Regulations 1996

Made 27th June 1996
Laid before Parliament 27th June 1996
Coming into force 18th July 1996


ARRANGEMENT OF REGULATIONS

Part I
General
1.  Citation, commencement and interpretation
2.  Meaning of "closely linked" etc.
Part II
Banking Institutions
3.  Refusal and revocation of authorisation by Bank
4.  Communication by auditor etc. with Bank
5.  Disclosure of information by Bank
Part III
Building Societies
6.  Refusal and revocation of authorisation by Commission
7.  Disclosure of information by Commission
8.  Communication by auditor etc. with Commission
Part IV
Financial Services
9.  Grant and refusal of authorisation
10.  Communication by auditor with supervisory bodies
11.  Disclosure of information: investment services
12.  Disclosure of information: UCITS
13.  The Board's functions under the Regulations
Part V
Friendly Societies
14.  Registration and cancellation of registration
15.  Refusal of authorisation by Commission
16.  Disclosure of information by Commission
17.  Communication by auditor etc. with commission
Part VI
Insurance Companies
18.  Restrictions on issue of authorisation by Secretary of State
19.  Communication by auditor with Secretary of State
20.  Disclosure of information by Secretary of State
21.  Duty to notify close links to Secretary of State
Part VII
Miscellaneous and supplemental
22.  Subordinate legislation relating to auditors and accountants
23.  Minor and consequential amendments
24.  Transitory provisions

SCHEDULES

  Schedule 1  —Meaning of “closely linked”: modifications of Companies Act provisions

  Schedule 2  —Paragraphs substituted for paragraph 6 of Article 25 of the Investment Services directive

  Schedule 3  —Paragraphs inserted as paragraphs 2 to 11 of Article 50 of the UCITS Directive

  Schedule 4  —Subordinate legislation relating to auditors and accountants

  Schedule 5  —Minor and consequential amendments

 

Explanatory Note


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Prepared 20th September 2000