Section 50 The Deposit Protection Board.C1C2C3
United Kingdom
The body corporate known as the Deposit Protection Board and the Fund known as the Deposit Protection Fund established by section 21 of the M1Banking Act 1979 shall continue to exist.
The Deposit Protection Board (in this Part of this Act referred to as “the Board”) shall—
hold, manage and apply the Fund in accordance with the provisions of this Part of this Act;
levy contributions for the Fund, in accordance with those provisions, from F1contributory institutions.; and
have such other functions as are conferred on the Board by those provisions.
Schedule 4 to this Act shall have effect with respect to the Board.
Annotations
Textual amendments
- F1
Words in s. 50(2)(b) substituted (1.7.1995) by S.I. 1995/1442, regs. 25, 53(1), 54(2)
Marginal citations
- M1
Modifications
- C1
S. 50 amended (1.1.1993) by S.I. 1992/3218, reg. 47, Sch. 8 para. 13.
- C2
S. 50: power to apply conferred (9.6.1997) by 1997 c. 32, s. 32(2); S.I. 1997/1427, art. 2(g)
- C3
S. 50: power to repeal conferred (9.6.1997) by 1997 c. 32, s. 32(5)(a); S.I. 1997/1427, art. 2(g)
Notes on the whole Act
Textual amendments
- F1
Act repealed (1.12.2001) by S.I. 2001/3649, arts. 1, 3(1)(d)
Act continued (with modifications) (1.12.2001) by S.I. 2001/2967, arts. 1(2), 9(1), Sch. 1 Pt. 1; S.I. 2001/3538 (as amended (1.4.2013) by S.I. 2013/472, arts. 1(1), 3, Sch. 2 para. 56(h)(i)); and specified provisions of Act applied, extended and amended (1.4.2003) so far as still in force by 2001 c. 16, ss. 50, 52-54, 57(1)(j)(4), 68, 138(2), Sch. 1 para. 43, Sch. 2 para. 16(2)(d); S.I. 2003/708, art. 2
Notes on Part II
Modifications
- C1
Pt. II (ss. 50-66) modified (1.7.1995temp. to 31.12.1999) by S.I. 1995/1442, reg. 54(2).
Pt. II (ss. 50-66) continued for certain purposes (subject to modifications) (1.12.2001) by S.I. 2001/2967, arts. 1(2), 9, 11, Sch. 1 Pt. 1; S.I. 2001/3538, art. 2(1)