Clause 53 - Interpretation of Part 3

Part of Financial Services Bill – in a Public Bill Committee at 5:40 pm on 20th March 2012.

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Photo of Mark Hoban Mark Hoban The Financial Secretary to the Treasury 5:40 pm, 20th March 2012

The subsection clarifies that references to a person’s functions under an enactment include references to the same person’s functions under any other enactment, as applied by the first enactment. That provision is needed because some legislation listed in clause 47(2) applies to functions in other legislation. The subsection ensures that changes to other mutuals legislation that we made under a mutuals transfer order would take place upon enactment.