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Modification of Act to conform with changes in company, banking and building society law.
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6.—(1) If, on any modification of the enactments in force relating to companies, banks or building societies, it appears to the Minister to be expedient to modify the provisions of this Act for the purpose of assimilating the law relating to trustee savings banks to the modifications of the law relating to companies, banks or building societies, the Minister may by regulations make such modification of any provisions of this Act as he thinks appropriate for that purpose.
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(2) The power conferred by subsection (1) includes power to modify the relevant provisions of this Act so as to—
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(a) confer power to make orders, regulations or other instruments,
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(b) provide for the charging of fees but not for the making of any charge in the nature of taxation.
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(3) Regulations under this section may—
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(a) make consequential amendments to or repeals of other provisions of this Act,
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(b) make such transitional or saving provisions as appear to the Minister to be necessary or expedient.
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(4) In this section “modification” includes any addition and, as regards modifications of the enactments relating to companies, banks or building societies, any modification whether effected by any future Act or by an instrument made after the passing of this Act under an Act whenever passed.
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