SCHEDULES

SCHEDULE 2Amendments relating to Part 1

PART 1Bank of England Act 1998

9

I11

Section 4 (annual report by the Bank) is amended as follows.

I12

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)),

I23

In subsection (2)(b)—

a

for “statement” substitute “ statements ”;

b

after “7(2)” insert “ and (2A) ”;

c

for “it” substitute “ them ”.

I14

Omit subsection (3).

I25

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.