Bank of England Act 1998

[F19DSpecification of matters relevant to economic policyU.K.

(1)The Treasury may by notice in writing to the Financial Policy Committee specify for the purposes of section 9C(1)(b) what the economic policy of Her Majesty's Government is to be taken to be.

(2)The Treasury must specify under subsection (1) the matter mentioned there—

(a)before the end of the period of 30 days beginning with the day on which section 9C comes into force, and

(b)at least once in every calendar year following that in which the first notice under that subsection is given.

(3)Where the Treasury give notice under this section they must—

(a)publish the notice in such manner as they think fit, and

(b)lay a copy of it before Parliament.]

Textual Amendments

F1Pt. 1A inserted (24.1.2013 for the insertion of ss. 9I(2), 9L, 9N for specified purposes and for the insertion of s. 9ZA, 19.2.2013 for the insertion of s. 9B for specified purposes, 1.4.2013 in so far as not already in force) by Financial Services Act 2012 (c. 21), ss. 4(1), 122(3) (with Sch. 20); S.I. 2013/113, art. 2(1)(b)(c)(2), Sch. Pts. 2, 3, 4; S.I. 2013/423, art. 3, Sch.