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The Resolution of Central Counterparties (Modified Application of Corporate Law and Consequential Amendments) Regulations 2023
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- UK Statutory Instruments
- 2023 No. 1313
- PART 3
- Regulation 9
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Amendments to the Bank of England Act 1998
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9.—(1) The Bank of England Act 1998(1) is amended as follows.
(2) In section 7A(9)(2) (accounts of companies wholly owned by the Bank), after paragraph (b), insert— “, or
(c)a company which is a bridge central counterparty for the purpose of paragraph 29 of Schedule 11 to the Financial Services and Markets Act 2023.”.
(3) In section 9O(3)(3) (making of recommendations within the Bank), in paragraph (b), after “2009” insert “or Schedule 11 to the Financial Services and Markets Act 2023”.
(1)
(2)
Section 7A was inserted by section 137(3) of the Financial Services (Banking Reform) Act 2013 (c. 33) and amended by paragraph 10 of Part 1 of Schedule 2 to the Bank of England and Financial Services Act 2016 (c. 14).
(3)
Section 9O was inserted by section 4(1) of the Financial Services Act 2012 (c. 21).
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