SCHEDULES

F1SCHEDULE 6APrudential Regulation Committee

Annotations:
Amendments (Textual)

Annual reports

19

At least once a year the Committee must make a report to the Chancellor of the Exchequer on—

a

the adequacy of the resources allocated, in the period to which the report relates, to the Bank's functions as the Prudential Regulation Authority, and

b

the extent to which the exercise of the Bank's functions as the Prudential Regulation Authority is independent of the exercise of its other functions.