Section 213 Authorisation to issue banknotesF4 I1

United Kingdom

F1(1)

An authorised bank F2within section 210(a) may continue to issue banknotes after commencement, but only—

(a)

in accordance with the provisions of this Part, and

(b)

in the part of the United Kingdom in which it was authorised to issue banknotes before commencement.

F3(2)

An authorised bank within section 210(b) may issue banknotes, but only—

(a)

in accordance with the provisions of this Part, and

(b)

in the part of the United Kingdom which is specified in relation to the bank in regulations under section 214A(1)(b).

Annotations

F1: S. 213(1): s. 213 renumbered as s. 213(1) (6.7.2016) by Bank of England and Financial Services Act 2016 (c. 14), ss. 38(4)(a), 41(3); S.I. 2016/627, reg. 2(1)(bb)
F2: Words in s. 213(1) inserted (6.7.2016) by Bank of England and Financial Services Act 2016 (c. 14), ss. 38(4)(b), 41(3); S.I. 2016/627, reg. 2(1)(bb)
F3: S. 213(2) inserted (6.7.2016) by Bank of England and Financial Services Act 2016 (c. 14), ss. 38(4)(c), 41(3); S.I. 2016/627, reg. 2(1)(bb)
F4: S. 213 heading substituted (6.7.2016) by Bank of England and Financial Services Act 2016 (c. 14), ss. 38(4)(d), 41(3); S.I. 2016/627, reg. 2(1)(bb)