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Section 2AB Functions of the PRAF1F2

United Kingdom

(1)

The PRA is to have the functions conferred on it by or under this Act.

(2)

Schedule 1ZB makes provision about functions of the PRA.

(3)

References in this Act or any other enactment to functions conferred on the PRA by or under this Act include references to functions conferred on the PRA by or under—

(a)

the Insolvency Act 1986,

(b)

the Banking Act 2009,

(c)

the Financial Services Act 2012, F3...

(F4ca)

the Financial Services and Markets Act 2023,

(d)

a F5qualifying provision that is specified, or of a description specified, for the purposes of this subsection by the Treasury by order. F6or

(e)

regulations made by the Treasury under section 8 of the European Union (Withdrawal) Act 2018.

Annotations

Textual amendments

F1

Pt. 1A substituted for Pt. 1 (24.1.2013 for specified purposes, 19.2.2013 for specified purposes, 1.4.2013 in so far as not already in force) by Financial Services Act 2012 (c. 21), ss. 6(1), 122(3) (with Sch. 20); S.I. 2013/113, art. 2(1)(b)(c)(2), Sch. Pts. 2, 3, 4; S.I. 2013/423, art. 3, Sch.

F2

Ss. 2A, 2AB substituted for s. 2A (1.3.2017) by Bank of England and Financial Services Act 2016 (c. 14), ss. 12, 41(3) (with Sch. 3); S.I. 2017/43, reg. 2(c)

F3

Word in s. 2AB(3)(c) omitted (26.10.2018) by virtue of The Financial Regulators Powers (Technical Standards etc.) (Amendment etc.) (EU Exit) Regulations 2018 (S.I. 2018/1115), regs. 1(2), 7(4)(a)

F4

S. 2AB(3)(ca) inserted (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), ss. 59(3), 86(3); S.I. 2023/779, reg. 4(oo)

F5

Words in s. 2AB(3)(d) substituted (31.12.2020) by The Financial Services and Markets Act 2000 (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/632), regs. 1(3), 6; 2020 c. 1, Sch. 5 para. 1(1)

F6

S. 2AB(3)(e) and word inserted (26.10.2018) by The Financial Regulators Powers (Technical Standards etc.) (Amendment etc.) (EU Exit) Regulations 2018 (S.I. 2018/1115), regs. 1(2), 7(4)(b)