(1) The following enactments are to cease to have effect—
(a) the Industrial Assurance Act 1923;
(b) the Industrial Assurance and Friendly Societies Act 1948;
(c) the Insurance Brokers (Registration) Act 1977.
(2) The Industrial Assurance (Northern Ireland) Order 1979 is revoked.
(3) The following bodies are to cease to exist—
(a) the Insurance Brokers Registration Council;
(b) the Policyholders Protection Board;
(c) the Deposit Protection Board;
(d) the Board of Banking Supervision.
(4) If the Treasury consider that, as a consequence of any provision of this section, it is appropriate to do so, they may by order make any provision of a kind that they
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