Bank of England and Financial Services Act 2016, Paragraph 9 is up to date with all changes known to be in force on or before 05 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
9(1)Section 4 (annual report by the Bank) is amended as follows.U.K.
(2)For subsection (2)(a) substitute—
“(a)a report by the court of directors on the matters which it reviews, monitors or otherwise considers in the performance of its oversight functions (as defined by section 3A(2)),”.
(3)In subsection (2)(b)—
(a)for “statement” substitute “ statements ”;
(b)after “7(2)” insert “ and (2A) ”;
(c)for “it” substitute “ them ”.
(4)Omit subsection (3).
(5)After subsection (6) insert—
“(7)The Chancellor may comply with subsection (6) by laying a document containing a report under this section together with a report by the Prudential Regulation Authority under paragraph 19 of Schedule 1ZB to the Financial Services and Markets Act 2000.”
Commencement Information
I1Sch. 2 para. 9(1)(2)(4) in force at 6.7.2016 by S.I. 2016/627, reg. 2(2)(d)
I2Sch. 2 para. 9(3)(5) in force at 1.3.2017 by S.I. 2017/43, reg. 2(g)
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