UK Legislation Implementing The Bank Of England And Financial Services Act Comes Into Force

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On January 20, 2017, the Bank of England and Financial Services Act 2016 (Commencement No 4 and Saving Provision) Regulations 2017 came into force.
United Kingdom Finance and Banking

On January 20, 2017, the Bank of England and Financial Services Act 2016 (Commencement No 4 and Saving Provision) Regulations 2017 came into force. The Regulations set March 1, 2017 as the date on which certain provisions of the Bank of England and Financial Services Act 2016 will apply, including those provisions which will transfer the functions of the PRA to the Bank of England. Those functions will be exercised through the Prudential Regulation Committee.

The Regulations are available to view at: http://www.legislation.gov.uk/uksi/2017/43/pdfs/uksi_20170043_en.pdf .

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