Section 7 (as substituted by section 21 of the Act of 1997) of the Act of 1942 is hereby amended -
(a) by the repeal of paragraph (g), and
(b) by the insertion after paragraph (m) of the following paragraphs:
"(mm) transfer assets, income or liabilities to the European Central Bank where required to under the Statute;
(mmm) exercise any power or perform any task or duty conferred on the Bank by or under the Treaty or the Statute;".