Section 3 Appointed day
(1)
The directors of CPB shall appoint a day to be the appointed day for the purposes of this Act:
Provided that the day appointed under this subsection shall not be before CPB becomes an authorised institution for the purposes of the 1987 c. 22.Banking Act 1987.
(2)
Before the day so appointed CPB shall publish in the London Gazette notice of the day appointed, stating that it is the appointed day for the purposes of this Act.