The Bank of England and Financial Services Act 2016 (Commencement No. 3) Regulations 2016 were made yesterday: see here or here (pdf). They bring into force various provisions of the Bank of England and Financial Services Act 2016 on July 6, including section 2 (term of office of non-executive directors) and section 3 (abolition of the Oversight Committee). A short explanatory note is available here and a note concerning earlier commencement orders is available here.
Wednesday, 8 June 2016
UK: The Bank of England and Financial Services Act 2016 (Commencement No. 3) Regulations 2016
The Bank of England and Financial Services Act 2016 (Commencement No. 3) Regulations 2016 were made yesterday: see here or here (pdf). They bring into force various provisions of the Bank of England and Financial Services Act 2016 on July 6, including section 2 (term of office of non-executive directors) and section 3 (abolition of the Oversight Committee). A short explanatory note is available here and a note concerning earlier commencement orders is available here.
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