Statutory Instrument 1995 No. 1217

The Banking Coordination (Second Council Directive) (Amendment) Regulations 1995

---

© Crown Copyright 1995

Statutory Instruments printed from this website are printed under the superintendence and authority of the Controller of HMSO being the Queen's Printer of Acts of Parliament.

The legislation contained on this web site is subject to Crown Copyright protection. It may be reproduced free of charge provided that it is reproduced accurately and that the source and copyright status of the material is made evident to users.

It should be noted that the right to reproduce the text of Statutory Instruments does not extend to the Queen's Printer imprints which should be removed from any copies of the Statutory Instrument which are issued or made available to the public. This includes reproduction of the Statutory Instrument on the Internet and on intranet sites. The Royal Arms may be reproduced only where they are an integral part of the original document.

The text of this Internet version of the Statutory Instrument which is published by the Queen's Printer of Acts of Parliament has been prepared to reflect the text as it was Made. A print version is also available and is published by The Stationery Office Limited as the The Banking Coordination (Second Council Directive) (Amendment) Regulations 1995, ISBN 0110529790. The print version may be purchased by clicking here. Braille copies of this Statutory Instrument can also be purchased at the same price as the print edition by contacting TSO Customer Services on 0870 600 5522 or e-mail:customer.services@tso.co.uk.

Further information about the publication of legislation on this website can be found by referring to the Frequently Asked Questions.

To ensure fast access over slow connections, large documents have been segmented into "chunks". Where you see a "continue" button at the bottom of the page of text, this indicates that there is another chunk of text available.

1995 No. 1217

BANKING

The Banking Coordination (Second Council Directive) (Amendment) Regulations 1995

Whereas the Treasury are a government department designated^[1] for the purposes of section 2(2) of the European Communities Act 1972^[2] in relation to measures relating to credit and financial institutions and to the taking of deposits or other repayable funds from the public;

Now, therefore, the Treasury in exercise of the powers conferred on them by section 2(2) of that Act and of all other powers enabling them in that behalf hereby make the following Regulations:—

Citation and commencement
    1.—(1)  These Regulations may be cited as the Banking Coordination (Second Council Directive) (Amendment) Regulations 1995.

    (2)  These Regulations shall come into force on 1st June 1995.

Amendment of the principal Regulations
    2.    The Banking Coordination (Second Council Directive) Regulations 1992^[3] are amended as follows:
 (a) in regulation 2(1), after "1994" in the definition of "the commencement date" the words "in relation to a relevant EFTA State other than Liechtenstein and 1st June 1995 in relation to Liechtenstein;" are inserted; and
 (b) in regulation 2(1), after "Iceland" in the definition of "relevant EFTA State" the word "Liechtenstein" is inserted.

Derek Conway

Timothy Kirkhope

Two of the Lords Commissioners of Her Majesty's Treasury

3rd May 1995

These Regulations amend the Banking Coordination (Second Council Directive) Regulations 1992 to give effect to the adaptations made to the Second Council Directive 89/646/EEC on the coordination of laws, regulations and administrative provisions relating to the taking up and pursuit of the business of credit institutions (OJ No. L368, 30.12.89, p.1) in its application to Liechtenstein by paragraph 16 of Annex IX to the Agreement on the European Economic Area signed at Oporto on 2nd May 1992 (Cm 2073) as amended by the Protocol adjusting the Agreement signed at Brussels on 17th March 1993 (Cm 2183). The Agreement as amended by the Protocol entered into force in respect of all the Contracting Parties except Liechtenstein on 1st January 1994. It entered into force in relation to Liechtenstein on 1st May 1995 by virtue of a decision of the EEA Council dated 10th March 1995 (OJ No. L86/58, 20.4.95, p.1).

[1] S.I. 1990/1304. back

[2] 1972 c. 68; by virtue of the amendment of section 1(2) of the European Communities Act by section 1 of the European Economic Area Act 1993 (c. 51) regulations may be made under section 2(2) of the European Communities Act to implement obligations of the United Kingdom created or arising by or under the Agreement on the European Economic Area signed at Oporto on 2nd May 1992 (Cm 2073) and the Protocol adjusting the Agreement signed at Brussels on 17th March 1993 (Cm 2183); section 2(4) provides that in relation to matters to which the Agreement relates section 2(2) of the 1972 Act includes power to modify relevant enactments to provide for equivalent treatment of member States and other States in the European Economic Area. back

[3] S.I. 1992/3218, amended by S.I. 1993/3225. back