The Financial Services and Markets Act 2000 (Dissolution of the Board of Banking Supervision) (Transitional Provisions) Order 2001
This Order makes transitional provision in connection with the Financial Services and Markets Act 2000 (“the Act”). Article 2 requires the Board of Banking Supervision, which is to cease to exist by virtue of section 416(3)(d) of the Act, to prepare a final report on its activities as soon as practicable, and in any event before the day on which section 19 of the Act (the general prohibition) comes into force. The Financial Services Authority must include that report in the first report that it makes to the Treasury under Schedule 1 to the Act.