Status: You are viewing the version of the handbook as on 2011-04-29.

BCOBS TP 1 Transitional Provision

1(1)

(2)

(3)

(4)

(5)

(6)

Materials to which the transitional provision applies

Transitional provision

Transitional provisions: dates in force

Handbook provisions: coming into force

1

BCOBS

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

2

BCOBS 4.1.1 R

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

3

BCOBS 4.1.1 R

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

4

BCOBS 4.1.1 R

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

5

BCOBS 5.1.13 R

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 20092

26

BCOBS 4.1.1 R

R

A firm need not have regard to BCOBS 4.1.4A G in interpreting and applying BCOBS 4.1.1 R until 6 September 2011.

6 March 2011 to 6 September 2011

6 March 2011