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Bank of England Act 1998
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Changes over time for: Section 2C
Version Superseded: 01/04/2013
Alternative versions:
- 01/06/2009- Amendment
- 24/01/2013
Point in time - 01/04/2013- Amendment
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Bank of England Act 1998, Section 2C is up to date with all changes known to be in force on or before 30 December 2024. 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.
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[F12CFinancial Stability Committee: supplementalU.K.
(1)The Committee shall determine its own procedure (including quorum).
(2)If a member of the Committee has any direct or indirect interest (including any reasonably likely future interest) in any dealing or business which falls to be considered by the Committee—
(a)he shall disclose his interest to the Committee when it considers the dealing or business, and
(b)he shall have no vote in proceedings of the Committee in relation to any question arising from its consideration of the dealing or business, unless the Committee has resolved that the interest does not give rise to a conflict of interest.
(3)The Committee may delegate a function under section 2B(2)(b) to (e) to two or more of its members, excluding—
(a)the Treasury representative, and
(b)co-opted non-voting members.]
Textual Amendments
F1 Ss. 2A-2C inserted (1.6.2009) by Banking Act 2009 (c. 1) , ss. 238(1) , 263(1) (with s. 247 ); S.I. 2009/1296 , art. 2 , Sch. para. 1
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