80[Resolution company:] reportU.K.
This
adran has no associated
Nodiadau Esboniadol
(1)Where the Bank of England transfers all or part of a bank's business to a [resolution company], the Bank must report to the Chancellor of the Exchequer about the activities of the [resolution company].
(2)The first report must be made as soon as is reasonably practicable after the end of one year beginning with the date of the first transfer to the [resolution company].
(3)A report must be made as soon as is reasonably practicable after the end of each subsequent year.
(4)The Chancellor of the Exchequer must lay a copy of each report under subsection (2) or (3) before Parliament.
(5)The Bank must comply with any request of the Treasury for a report dealing with specified matters in relation to a [resolution company].
(6)A request under subsection (5) may include provision about—
(a)the content of the report;
(b)timing.
Textual Amendments
Commencement Information