SCHEDULES

F1SCHEDULE 17A Further provision in relation to exercise of Part 18 functions by Bank of England

Part 2Application of provisions of this Act in relation to Bank of England

Annual report

33

Paragraph 19 of Schedule 1ZB (annual report by PRA) applies in relation to the Bank, but—

(a)

as if for paragraphs (a) to (f) of sub-paragraph (1) there were substituted—

“(a)

the discharge of its functions relating to recognised clearing houses,

(b)

the extent to which, in its opinion, in discharging those functions its financial stability objective has been met,”, and”

(b)

as if sub-paragraph (3) were omitted.