BCOBS TP 1 Transitional Provision
1(1) |
(2) |
(3) |
(4) |
(5) |
(6) |
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Materials to which the transitional provision applies |
Transitional provision |
Transitional provisions: dates in force |
Handbook provisions: coming into force |
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1 |
R |
Until midnight on 1 May 2010 a firm may continue to refer to the British Bankers’ Association/ Building Societies Association/APACS Banking Code and/or Business Banking Code in any of its documentation or literature. |
1 November 2009 to 1 May 2010 |
1 November 2009 |
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2 |
R |
Until midnight on 1 May 2010, a firm need not have regard to BCOBS 4.1.2 G (3)(c)or (4) in interpreting and applying BCOBS 4.1.1 R. |
1 November 2009 to 1 May 2010 |
1 November 2009 |
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3 |
G |
Until midnight on 1 May 2010, a firm may continue to communicate changes to any rate of interest that applies to a retail banking service to a banking customer in accordance with its obligations under the general law and (where a firm subscribed to the British Bankers’ Association/ Building Societies Association/APACS Banking Code or Business Banking Code on 1 July 2009) the standards set out in those Codes. |
1 November 2009 to 1 May 2010 |
1 November 2009 |
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4 |
R |
With respect to an introductory, promotional or preferential rate of interest that expires before midnight on 1 May 2010, a firm need not have regard to BCOBS 4.1.2 G (5)or BCOBS 4.1.2 G (6) in interpreting and applying BCOBS 4.1.1 R. |
1 November 2009 to 1 May 2010 |
1 November 2009 |
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5 |
R |
With respect to funds credited to an account of a banking customer before midnight on 1 February 2010, a firm need not comply with BCOBS 5.1.13 R. |
1 November 2009 to 1 February 2010 |
1 November 2009 |
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