Bank of England Act 1998

40 Orders.U.K.

(1)Any power of the Treasury to make an order under this Act shall be exercisable by statutory instrument.

(2)An order under—[F1section 1A(1), ]

  • section 17(4) or (5), [F2or]

  • F3...

  • paragraph 3(2) of Schedule 7,

shall not be made unless a draft of the order has been laid before and approved by resolution of each House of Parliament.

(3)A statutory instrument containing an order under—

  • section 23(2),

  • F4...

  • paragraph 1(5) of Schedule 4, or

  • paragraph 3(3) of Schedule 7,

shall be subject to annulment in pursuance of a resolution of either House of Parliament.

(4)A statutory instrument containing an order under section 33 shall be subject to annulment in pursuance of a resolution of the House of Commons.

[F5(4A)Section 9N contains its own provisions about parliamentary procedure in relation to an order under section 9L.]

(5)Section 19 contains its own provisions about parliamentary procedure in relation to an order under that section.

Textual Amendments