[F1PART 1AU.K.Financial Stability

Textual Amendments

F1Pt. 1A inserted (24.1.2013 for the insertion of ss. 9I(2), 9L, 9N for specified purposes and for the insertion of s. 9ZA, 19.2.2013 for the insertion of s. 9B for specified purposes, 1.4.2013 in so far as not already in force) by Financial Services Act 2012 (c. 21), ss. 4(1), 122(3) (with Sch. 20); S.I. 2013/113, art. 2(1)(b)(c)(2), Sch. Pts. 2, 3, 4; S.I. 2013/423, art. 3, Sch.

Publication of record of meetingsU.K.

9UPublication of record of meetingsU.K.

(1)The Bank must publish a record of each meeting of the Financial Policy Committee before the end of the period of 6 weeks beginning with the day of the meeting.

(2)The record must specify any decisions taken at the meeting (including decisions to take no action) and must set out, in relation to each decision, a summary of the Committee's deliberations.

(3)The decisions referred to in subsection (2) include in particular a decision—

(a)to give or revoke a direction under section 9H;

(b)to make recommendations under any of sections 9O to 9R.

F2[F3(c). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(d)made under the Capital Requirements (Capital Buffers and Macro-prudential Measures) Regulations 2014.]

(4)Where a decision has been made to give or revoke a direction under section 9H, the record must include the text of the direction or of the notice of revocation.

(5)Where a decision has been made to make recommendations under any of sections 9O to 9R, the record must include the recommendations.

(6)Where since the previous meeting the Committee has received a notification under section 9Q(3)(b), the record must include the notification.

(7)The information required by subsections (1) and (2) does not include information identifying particular members of the Committee.

(8)Subsections (1) to (6) do not require the publication of—

(a)information about any recommendations made under 9O(2)(a);

(b)information whose publication within the time required by subsection (1) would in the opinion of the Committee be against the public interest;

(c)information about any decision under paragraph (b);

(d)information about a decision to give a direction under section 9H which has been revoked before the record of the meeting at which it was given is published;

(e)information about the decision to revoke a direction where information about the direction is withheld under paragraph (d).

F4(f). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F4(g). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(9)Publication under this section or section 9V is to be in such manner as the Bank thinks fit.]

Textual Amendments