(1)The Bank must give the Treasury a copy of any report made to the [F2court of directors] by a person appointed under section 3C to conduct a performance review (as defined by subsection (3) of that section).
(2)Subject to subsection (3), the Bank must also publish the report.
(3)Subsection (2) does not require the publication of information whose publication at the time when the report is made would in the opinion of the court of directors of the Bank be against the public interest.
(4)Where the court of directors decides under subsection (3) that publication of information at the time when the report is made would be against the public interest, it must keep under consideration the question of whether publication of the information would still be against the public interest.
(5)Where the court of directors decides that publication of any information is no longer against the public interest, the Bank must publish the information.
(6)The Treasury must lay before Parliament a copy of any report or other information published by the Bank under this section.]
Textual Amendments
F1 Ss. 3A-3F substituted for s. 3 (1.4.2013) by Financial Services Act 2012 (c. 21) , ss. 3(2) , 122(3) (with Sch. 20 ); S.I. 2013/423 , art. 3 ,
F2 Words in s. 3D(1) substituted (6.7.2016) by Bank of England and Financial Services Act 2016 (c. 14) , s. 41(3) , Sch. 2 para. 6 (with Sch. 3 ); S.I. 2016/627 , reg. 2(2)(b)