Banking Act 1987 (repealed)
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Change 1
80 Regulations imposing requirements on overseas-based banks.
(1) The Treasury may, after consultation with the Authority, by regulations impose on overseas institutions which have established or propose to establish representative offices in the United Kingdom such requirements as the Treasury consider appropriate in connection with those offices and the activities conducted from them. (2) Regulations under this section may in particular require the establishment or continued existence of a representative office to be authorised by the Authority and such regulations may make provision for— (a) the granting and revocation of such authorisations; (b) the imposition of conditions in connection with the grant or retention of such authorisations; and (c) appeals against the refusal or withdrawal of such authorisations or the imposition of such conditions. (3) No regulations shall be made under this section unless a draft of the regulations has been laid before and approved by a resolution of each House of Parliament.
80 Regulations imposing requirements on overseas-based banks.
(1) The Treasury may, after consultation with the Authority, by regulations impose on overseas institutions which have established or propose to establish representative offices in the United Kingdom such requirements as the Treasury consider appropriate in connection with those offices and the activities conducted from them. (2) Regulations under this section may in particular require the establishment or continued existence of a representative office to be authorised by the Authority and such regulations may make provision for— (a) the granting and revocation of such authorisations; (b) the imposition of conditions in connection with the grant or retention of such authorisations; and (c) appeals against the refusal or withdrawal of such authorisations or the imposition of such conditions. (3) No regulations shall be made under this section unless a draft of the regulations has been laid before and approved by a resolution of each House of Parliament.
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