http://www.legislation.gov.uk/ukpga/2009/1/part/7/crossheading/bank-of-england/2020-12-31Banking Act 2009An Act to make provision about banking.texttext/xmlenStatute Law Database2024-05-18Expert Participation2020-12-31 Part 7Miscellaneous<Emphasis>Bank of England</Emphasis><Acronym Expansion="United Kingdom">UK</Acronym> financial stability2381After section 2 of the Bank of England Act 1998 (functions of court of directors) insert—Financial Stability Objective2A1An objective of the Bank shall be to contribute to protecting and enhancing the stability of the financial systems of the United Kingdom (the “Financial Stability Objective”).2In pursuing the Financial Stability Objective the Bank shall aim to work with other relevant bodies (including the Treasury and the Financial Services Authority).3The court of directors shall, consulting the Treasury, determine and review the Bank's strategy in relation to the Financial Stability Objective.Financial Stability Committee2B1There shall be a sub-committee of the court of directors of the Bank (the “Financial Stability Committee”) consisting of—athe Governor of the Bank, who shall chair the Committee (when present),bthe Deputy Governors of the Bank, andc4 directors of the Bank, appointed by the chair of the court of directors (designated under paragraph 13 of Schedule 1).2The Committee shall have the following functions—ato make recommendations to the court of directors, which they shall consider, about the nature and implementation of the Bank's strategy in relation to the Financial Stability Objective,bto give advice about whether and how the Bank should act in respect of an institution, where the issue appears to the Committee to be relevant to the Financial Stability Objective,cin particular, to give advice about whether and how the Bank should use stabilisation powers under Part 1 of the Banking Act 2009 in particular cases,dto monitor the Bank's use of the stabilisation powers,eto monitor the Bank's exercise of its functions under Part 5 of the Banking Act 2009 (inter-bank payment systems), andfany other functions delegated to the Committee by the court of directors for the purpose of pursuing the Financial Stability Objective.3The Treasury may appoint a person to represent the Treasury at meetings of the Committee; and the Treasury's representative—amay not vote in proceedings of the Committee,bshall in all other respects be a member of the Committee, andcmay be replaced by the Treasury.4The Committee may co-opt other non-voting members.5The chair of the court of directors may replace members of the Committee appointed under subsection (1)(c).Financial Stability Committee: supplemental2C1The Committee shall determine its own procedure (including quorum).2If a member of the Committee has any direct or indirect interest (including any reasonably likely future interest) in any dealing or business which falls to be considered by the Committee—ahe shall disclose his interest to the Committee when it considers the dealing or business, andbhe shall have no vote in proceedings of the Committee in relation to any question arising from its consideration of the dealing or business, unless the Committee has resolved that the interest does not give rise to a conflict of interest.3The Committee may delegate a function under section 2B(2)(b) to (e) to two or more of its members, excluding—athe Treasury representative, andbco-opted non-voting members.2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Number of directors2391Section 1 of the Bank of England Act 1998 (court of directors) is amended as follows.2In subsection (2) omit “16”.3After subsection (2) insert—2AThe number of directors must not exceed 9.4The directors immediately before the day on which this section comes into force shall vacate office on that day (without prejudice to re-appointment).Meetings2401Paragraph 12 of Schedule 1 to the Bank of England 1998 (court of directors: meetings) is amended as follows.2In sub-paragraph (1) for “once a month” substitute “ 7 times in each calendar year ”.3For sub-paragraph (2) substitute—2Either of the following may summon a meeting at any time on giving such notice as the circumstances appear to require—athe Governor of the Bank (or in his absence a Deputy Governor), andbthe chair of the court.Chair of court2411For paragraph 13(3) of Schedule 1 to the Bank of England Act 1998 (court of directors: chairing meetings) substitute—3The Chancellor of the Exchequer may designate—aa member of the court to chair its meetings (“the chair of the court”), andbone or more members of the court as deputies to chair its meetings in the absence of the chair of the court.2For section 3(4) of that Act (sub-committee: chair) substitute—4The chair of the court (designated under paragraph 13 of Schedule 1) shall chair meetings of the sub-committee (when present).Quorum2421The Bank of England Act 1998 is amended as follows.2In section 3 (functions delegated to sub-committee)—aomit subsection (3),bin subsection (7) for “(3)” substitute “ (4) ”, andcat the end of subsection (7) add “ (including quorum) ”.3In paragraph 13 of Schedule 1 (court of directors: proceedings)—aomit sub-paragraph (2),bin sub-paragraph (6) for “(2)” substitute “ (3) ”, andcat the end of sub-paragraph (6) add “ (including quorum) ”.Tenure2431At the end of paragraph 1 of Schedule 1 to the Bank of England Act 1998 (Governor and Deputies: appointment) add—3A person may not be appointed as Governor more than twice.4A person may not be appointed as Deputy Governor more than twice.2At the end of paragraph 6 of that Schedule (re-appointment) insert “ (subject to paragraph 1(3) and (4)) ”.3After paragraphs 1 and 2 of Schedule 3 to that Act (Monetary Policy Committee: appointment) insert—<P1><Pnumber PuncAfter="">2A</Pnumber><P1para><Text>A person may not be appointed as a member of the Committee under section 13(2)(c) more than twice.</Text></P1para></P1></P1group></BlockAmendment></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/243/4/2020-12-31" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/243/4" id="section-243-4"><Pnumber>4</Pnumber><P2para><Text>At the end of paragraph 6 of that Schedule (re-appointment) insert <InlineAmendment>“ (subject to paragraph 2A) ”</InlineAmendment>.</Text></P2para></P2></P1para></P1></P1group><P1group RestrictEndDate="2023-08-29" RestrictStartDate="2018-10-26" RestrictExtent="E+W+S+N.I."><Title>Immunity2441The Bank of England has immunity in its capacity as a monetary authority.2In this section—aa reference to the Bank of England is a reference to the Bank and anyone who acts or purports to act as a director, officer, employee or agent of the Bank,bimmunity” means immunity from liability in damages in respect of action or inaction, andca reference to the Bank's capacity as a monetary authority includes a reference to the exercise or purported exercise of the Bank's functions under the Financial Services and Markets Act 2000 , of its functions under or as a result of regulations made under section 8 of the European Union (Withdrawal) Act 2018 , of its functions under or in connection with this Act or as a resolution authority for the purposes of the recovery and resolution directive, of its other regulatory functions or of functions undertaken by the Bank for the purpose of or in connection with—iacting as the central bank of the United Kingdom, oriiprotecting or enhancing the stability of the financial systems of the United Kingdom.2AThe Bank's functions under the Financial Services and Markets Act 2000 are to be taken to include any functions that it may exercise as a result of an appointment under any of sections 97, 166 to 169 and 284 of that Act.3The immunity does not extend to action or inaction—ain bad faith, orbin contravention of section 6(1) of the Human Rights Act 1998.Weekly return245Section 6 of the Bank Charter Act 1844 (Bank to produce weekly account) shall cease to have effect.Information2461The Bank of England may disclose information that it thinks relevant to the financial stability of—aindividual financial institutions, orbone or more aspects of the financial systems of the United Kingdom.2Information about the business or other affairs of a specified or identifiable person may be disclosed under subsection (1) only to—athe Treasury;b. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .bathe Financial Conduct Authority;cthe scheme manager of the Financial Services Compensation Scheme (established under Part 15 of the Financial Services and Markets Act 2000);cathe Payment Systems Regulator (established under section 40 of the Financial Services (Banking Reform) Act 2013);dan authority in a country or territory outside the United Kingdom which exercises functions similar to those of the Treasury, the Bank of England, the Prudential Regulation Authority or the Financial Conduct Authority in relation to financial stability;ethe European Central Bank.3This section—aoverrides a contractual or other requirement to keep information in confidence, andbis without prejudice to any other power to disclose information.Bank of England Act 1946247Nothing in this Act affects the generality of section 4 of the Bank of England Act 1946 (directions and relations with other banks).S. 246(2)(ca) inserted (1.3.2014) by Financial Services (Banking Reform) Act 2013 (c. 33), ss. 95, 148(5); S.I. 2014/377, art. 2(1)(a), Sch. Pt. 1S. 246 in force at 21.2.2009 by S.I. 2009/296, art. 3, Sch. para. 8S. 238(2) repealed (6.7.2016) by Bank of England and Financial Services Act 2016 (c. 14), s. 41(3), Sch. 2 para. 68 (with Sch. 3); S.I. 2016/627, reg. 2(2)(j)S. 246(2)(b)(ba) substituted for s. 246(2)(b) (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 17 para. 58(a) (with Sch. 20); S.I. 2013/423, art. 3, Sch.S. 238 in force at 1.6.2009 by S.I. 2009/1296, art. 2, Sch. para. 1S. 240 in force at 1.6.2009 by S.I. 2009/1296, art. 2, Sch. para. 3S. 245 in force at 21.2.2009 by S.I. 2009/296, art. 3, Sch. para. 8S. 243 in force at 1.6.2009 by S.I. 2009/1296, art. 2, Sch. para. 6Words in s. 246(2)(d) substituted (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 17 para. 58(b) (with Sch. 20); S.I. 2013/423, art. 3, Sch.S. 239 in force at 1.6.2009 by S.I. 2009/1296, art. 2, Sch. para. 2Words in s. 244(2)(c) substituted (19.2.2013 for specified purposes, 1.4.2013 in so far as not already in force) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 2 para. 3(2)(b) (with Sch. 20); S.I. 2013/113, art. 2(2), Sch. Pt. 4; S.I. 2013/423, art. 3, Sch.Word in s. 244(2)(a) substituted (19.2.2013 for specified purposes, 1.4.2013 in so far as not already in force) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 2 para. 3(2)(a) (with Sch. 20); S.I. 2013/113, art. 2(2), Sch. Pt. 4; S.I. 2013/423, art. 3, Sch.S. 247 in force at 21.2.2009 by S.I. 2009/296, art. 3, Sch. para. 8S. 242 in force at 1.6.2009 by S.I. 2009/1296, art. 2, Sch. para. 5Words in s. 244(2)(c) inserted (26.10.2018) by The Financial Regulators Powers (Technical Standards etc.) (Amendment etc.) (EU Exit) Regulations 2018 (S.I. 2018/1115), regs. 1(2), 8S. 244(2A) inserted (19.2.2013 for specified purposes, 1.4.2013 in so far as not already in force) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 2 para. 3(3) (with Sch. 20); S.I. 2013/113, art. 2(2), Sch. Pt. 4; S.I. 2013/423, art. 3, Sch.Words in s. 244(2)(c) inserted (1.1.2015) by The Bank Recovery and Resolution Order 2014 (S.I. 2014/3329), arts. 1(2), 108S. 244 in force at 21.2.2009 by S.I. 2009/296, art. 3, Sch. para. 8S. 241 in force at 1.6.2009 by S.I. 2009/1296, art. 2, Sch. para. 4S. 246(2)(b) omitted (1.3.2017) by virtue of Bank of England and Financial Services Act 2016 (c. 14), s. 41(3), Sch. 2 para. 61 (with Sch. 3); S.I. 2017/43, reg. 2(g)
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<Primary>
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<Part DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/part/7/2020-12-31" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/part/7" NumberOfProvisions="35" RestrictEndDate="2021-04-29" id="part-7" RestrictStartDate="2020-12-31" RestrictExtent="E+W+S+N.I.">
<Number>
<Strong>Part 7</Strong>
</Number>
<Title>Miscellaneous</Title>
<Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/part/7/crossheading/bank-of-england/2020-12-31" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/part/7/crossheading/bank-of-england" NumberOfProvisions="14" RestrictEndDate="2023-08-29" id="part-7-crossheading-bank-of-england" RestrictStartDate="2018-10-26" RestrictExtent="E+W+S+N.I.">
<Title>
<Emphasis>Bank of England</Emphasis>
</Title>
<P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="2016-07-06">
<Title>
<Acronym Expansion="United Kingdom">UK</Acronym>
financial stability
</Title>
<P1 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/238/2020-12-31" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/238" id="section-238">
<Pnumber PuncAfter="">
<CommentaryRef Ref="key-217cb855352dcb633ee9dabb5b7b2e81"/>
238
</Pnumber>
<P1para>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/238/1/2020-12-31" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/238/1" id="section-238-1">
<Pnumber>1</Pnumber>
<P2para>
<Text>After section 2 of the Bank of England Act 1998 (functions of court of directors) insert—</Text>
<BlockAmendment TargetClass="primary" TargetSubClass="unknown" Context="main" Format="default">
<P1group>
<Title>Financial Stability Objective</Title>
<P1>
<Pnumber PuncAfter="">2A</Pnumber>
<P1para>
<P2>
<Pnumber>1</Pnumber>
<P2para>
<Text>An objective of the Bank shall be to contribute to protecting and enhancing the stability of the financial systems of the United Kingdom (the “Financial Stability Objective”).</Text>
</P2para>
</P2>
<P2>
<Pnumber>2</Pnumber>
<P2para>
<Text>In pursuing the Financial Stability Objective the Bank shall aim to work with other relevant bodies (including the Treasury and the Financial Services Authority).</Text>
</P2para>
</P2>
<P2>
<Pnumber>3</Pnumber>
<P2para>
<Text>The court of directors shall, consulting the Treasury, determine and review the Bank's strategy in relation to the Financial Stability Objective.</Text>
</P2para>
</P2>
</P1para>
</P1>
</P1group>
<P1group>
<Title>Financial Stability Committee</Title>
<P1>
<Pnumber PuncAfter="">2B</Pnumber>
<P1para>
<P2>
<Pnumber>1</Pnumber>
<P2para>
<Text>
There shall be a sub-committee of the court of directors of the Bank (the “
<Term>Financial Stability Committee</Term>
”) consisting of—
</Text>
<P3>
<Pnumber>a</Pnumber>
<P3para>
<Text>the Governor of the Bank, who shall chair the Committee (when present),</Text>
</P3para>
</P3>
<P3>
<Pnumber>b</Pnumber>
<P3para>
<Text>the Deputy Governors of the Bank, and</Text>
</P3para>
</P3>
<P3>
<Pnumber>c</Pnumber>
<P3para>
<Text>4 directors of the Bank, appointed by the chair of the court of directors (designated under paragraph 13 of Schedule 1).</Text>
</P3para>
</P3>
</P2para>
</P2>
<P2>
<Pnumber>2</Pnumber>
<P2para>
<Text>The Committee shall have the following functions—</Text>
<P3>
<Pnumber>a</Pnumber>
<P3para>
<Text>to make recommendations to the court of directors, which they shall consider, about the nature and implementation of the Bank's strategy in relation to the Financial Stability Objective,</Text>
</P3para>
</P3>
<P3>
<Pnumber>b</Pnumber>
<P3para>
<Text>to give advice about whether and how the Bank should act in respect of an institution, where the issue appears to the Committee to be relevant to the Financial Stability Objective,</Text>
</P3para>
</P3>
<P3>
<Pnumber>c</Pnumber>
<P3para>
<Text>in particular, to give advice about whether and how the Bank should use stabilisation powers under Part 1 of the Banking Act 2009 in particular cases,</Text>
</P3para>
</P3>
<P3>
<Pnumber>d</Pnumber>
<P3para>
<Text>to monitor the Bank's use of the stabilisation powers,</Text>
</P3para>
</P3>
<P3>
<Pnumber>e</Pnumber>
<P3para>
<Text>to monitor the Bank's exercise of its functions under Part 5 of the Banking Act 2009 (inter-bank payment systems), and</Text>
</P3para>
</P3>
<P3>
<Pnumber>f</Pnumber>
<P3para>
<Text>any other functions delegated to the Committee by the court of directors for the purpose of pursuing the Financial Stability Objective.</Text>
</P3para>
</P3>
</P2para>
</P2>
<P2>
<Pnumber>3</Pnumber>
<P2para>
<Text>The Treasury may appoint a person to represent the Treasury at meetings of the Committee; and the Treasury's representative—</Text>
<P3>
<Pnumber>a</Pnumber>
<P3para>
<Text>may not vote in proceedings of the Committee,</Text>
</P3para>
</P3>
<P3>
<Pnumber>b</Pnumber>
<P3para>
<Text>shall in all other respects be a member of the Committee, and</Text>
</P3para>
</P3>
<P3>
<Pnumber>c</Pnumber>
<P3para>
<Text>may be replaced by the Treasury.</Text>
</P3para>
</P3>
</P2para>
</P2>
<P2>
<Pnumber>4</Pnumber>
<P2para>
<Text>The Committee may co-opt other non-voting members.</Text>
</P2para>
</P2>
<P2>
<Pnumber>5</Pnumber>
<P2para>
<Text>The chair of the court of directors may replace members of the Committee appointed under subsection (1)(c).</Text>
</P2para>
</P2>
</P1para>
</P1>
</P1group>
<P1group>
<Title>Financial Stability Committee: supplemental</Title>
<P1>
<Pnumber PuncAfter="">2C</Pnumber>
<P1para>
<P2>
<Pnumber>1</Pnumber>
<P2para>
<Text>The Committee shall determine its own procedure (including quorum).</Text>
</P2para>
</P2>
<P2>
<Pnumber>2</Pnumber>
<P2para>
<Text>If a member of the Committee has any direct or indirect interest (including any reasonably likely future interest) in any dealing or business which falls to be considered by the Committee—</Text>
<P3>
<Pnumber>a</Pnumber>
<P3para>
<Text>he shall disclose his interest to the Committee when it considers the dealing or business, and</Text>
</P3para>
</P3>
<P3>
<Pnumber>b</Pnumber>
<P3para>
<Text>he shall have no vote in proceedings of the Committee in relation to any question arising from its consideration of the dealing or business, unless the Committee has resolved that the interest does not give rise to a conflict of interest.</Text>
</P3para>
</P3>
</P2para>
</P2>
<P2>
<Pnumber>3</Pnumber>
<P2para>
<Text>The Committee may delegate a function under section 2B(2)(b) to (e) to two or more of its members, excluding—</Text>
<P3>
<Pnumber>a</Pnumber>
<P3para>
<Text>the Treasury representative, and</Text>
</P3para>
</P3>
<P3>
<Pnumber>b</Pnumber>
<P3para>
<Text>co-opted non-voting members.</Text>
</P3para>
</P3>
</P2para>
</P2>
</P1para>
</P1>
</P1group>
</BlockAmendment>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/238/2/2020-12-31" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/238/2" id="section-238-2">
<Pnumber>
<CommentaryRef Ref="key-18053f571ee3b9290c9f06abfacba6c8"/>
2
</Pnumber>
<P2para>
<Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text>
</P2para>
</P2>
</P1para>
</P1>
</P1group>
<P1group RestrictStartDate="2009-06-01">
<Title>Number of directors</Title>
<P1 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/239/2020-12-31" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/239" id="section-239">
<Pnumber PuncAfter="">
<CommentaryRef Ref="key-35c02939b3f8ddd812c7270ae18f0a2c"/>
239
</Pnumber>
<P1para>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/239/1/2020-12-31" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/239/1" id="section-239-1">
<Pnumber>1</Pnumber>
<P2para>
<Text>Section 1 of the Bank of England Act 1998 (court of directors) is amended as follows.</Text>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/239/2/2020-12-31" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/239/2" id="section-239-2">
<Pnumber>2</Pnumber>
<P2para>
<Text>In subsection (2) omit “16”.</Text>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/239/3/2020-12-31" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/239/3" id="section-239-3">
<Pnumber>3</Pnumber>
<P2para>
<Text>After subsection (2) insert—</Text>
<BlockAmendment TargetClass="primary" TargetSubClass="unknown" Context="main" Format="default">
<P2>
<Pnumber>2A</Pnumber>
<P2para>
<Text>The number of directors must not exceed 9.</Text>
</P2para>
</P2>
</BlockAmendment>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/239/4/2020-12-31" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/239/4" id="section-239-4">
<Pnumber>4</Pnumber>
<P2para>
<Text>The directors immediately before the day on which this section comes into force shall vacate office on that day (without prejudice to re-appointment).</Text>
</P2para>
</P2>
</P1para>
</P1>
</P1group>
<P1group RestrictStartDate="2009-06-01">
<Title>Meetings</Title>
<P1 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/240/2020-12-31" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/240" id="section-240">
<Pnumber PuncAfter="">
<CommentaryRef Ref="key-282a4b461df29f5281f9b7379f4dd0b5"/>
240
</Pnumber>
<P1para>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/240/1/2020-12-31" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/240/1" id="section-240-1">
<Pnumber>1</Pnumber>
<P2para>
<Text>Paragraph 12 of Schedule 1 to the Bank of England 1998 (court of directors: meetings) is amended as follows.</Text>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/240/2/2020-12-31" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/240/2" id="section-240-2">
<Pnumber>2</Pnumber>
<P2para>
<Text>
In sub-paragraph (1) for “once a month” substitute
<InlineAmendment>“ 7 times in each calendar year ”</InlineAmendment>
.
</Text>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/240/3/2020-12-31" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/240/3" id="section-240-3">
<Pnumber>3</Pnumber>
<P2para>
<Text>For sub-paragraph (2) substitute—</Text>
<BlockAmendment TargetClass="unknown" TargetSubClass="unknown" Context="unknown" Format="default">
<P2>
<Pnumber>2</Pnumber>
<P2para>
<Text>Either of the following may summon a meeting at any time on giving such notice as the circumstances appear to require—</Text>
<P3>
<Pnumber>a</Pnumber>
<P3para>
<Text>the Governor of the Bank (or in his absence a Deputy Governor), and</Text>
</P3para>
</P3>
<P3>
<Pnumber>b</Pnumber>
<P3para>
<Text>the chair of the court.</Text>
</P3para>
</P3>
</P2para>
</P2>
</BlockAmendment>
</P2para>
</P2>
</P1para>
</P1>
</P1group>
<P1group RestrictStartDate="2009-06-01">
<Title>Chair of court</Title>
<P1 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/241/2020-12-31" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/241" id="section-241">
<Pnumber PuncAfter="">
<CommentaryRef Ref="key-caeaeaa44f4a7e7b050d47d0d1c7f7cc"/>
241
</Pnumber>
<P1para>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/241/1/2020-12-31" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/241/1" id="section-241-1">
<Pnumber>1</Pnumber>
<P2para>
<Text>For paragraph 13(3) of Schedule 1 to the Bank of England Act 1998 (court of directors: chairing meetings) substitute—</Text>
<BlockAmendment TargetClass="unknown" TargetSubClass="unknown" Context="schedule" Format="default">
<P2>
<Pnumber>3</Pnumber>
<P2para>
<Text>The Chancellor of the Exchequer may designate—</Text>
<P3>
<Pnumber>a</Pnumber>
<P3para>
<Text>a member of the court to chair its meetings (“the chair of the court”), and</Text>
</P3para>
</P3>
<P3>
<Pnumber>b</Pnumber>
<P3para>
<Text>one or more members of the court as deputies to chair its meetings in the absence of the chair of the court.</Text>
</P3para>
</P3>
</P2para>
</P2>
</BlockAmendment>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/241/2/2020-12-31" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/241/2" id="section-241-2">
<Pnumber>2</Pnumber>
<P2para>
<Text>For section 3(4) of that Act (sub-committee: chair) substitute—</Text>
<BlockAmendment TargetClass="primary" TargetSubClass="unknown" Context="main" Format="default">
<P2>
<Pnumber>4</Pnumber>
<P2para>
<Text>The chair of the court (designated under paragraph 13 of Schedule 1) shall chair meetings of the sub-committee (when present).</Text>
</P2para>
</P2>
</BlockAmendment>
</P2para>
</P2>
</P1para>
</P1>
</P1group>
<P1group RestrictStartDate="2009-06-01">
<Title>Quorum</Title>
<P1 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/242/2020-12-31" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/242" id="section-242">
<Pnumber PuncAfter="">
<CommentaryRef Ref="key-5c729f1a4f10f334e019b10b344dd951"/>
242
</Pnumber>
<P1para>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/242/1/2020-12-31" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/242/1" id="section-242-1">
<Pnumber>1</Pnumber>
<P2para>
<Text>The Bank of England Act 1998 is amended as follows.</Text>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/242/2/2020-12-31" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/242/2" id="section-242-2">
<Pnumber>2</Pnumber>
<P2para>
<Text>In section 3 (functions delegated to sub-committee)—</Text>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/242/2/a/2020-12-31" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/242/2/a" id="section-242-2-a">
<Pnumber>a</Pnumber>
<P3para>
<Text>omit subsection (3),</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/242/2/b/2020-12-31" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/242/2/b" id="section-242-2-b">
<Pnumber>b</Pnumber>
<P3para>
<Text>
in subsection (7) for “(3)” substitute
<InlineAmendment>“ (4) ”</InlineAmendment>
, and
</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/242/2/c/2020-12-31" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/242/2/c" id="section-242-2-c">
<Pnumber>c</Pnumber>
<P3para>
<Text>
at the end of subsection (7) add
<InlineAmendment>“ (including quorum) ”</InlineAmendment>
.
</Text>
</P3para>
</P3>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/242/3/2020-12-31" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/242/3" id="section-242-3">
<Pnumber>3</Pnumber>
<P2para>
<Text>In paragraph 13 of Schedule 1 (court of directors: proceedings)—</Text>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/242/3/a/2020-12-31" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/242/3/a" id="section-242-3-a">
<Pnumber>a</Pnumber>
<P3para>
<Text>omit sub-paragraph (2),</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/242/3/b/2020-12-31" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/242/3/b" id="section-242-3-b">
<Pnumber>b</Pnumber>
<P3para>
<Text>
in sub-paragraph (6) for “(2)” substitute
<InlineAmendment>“ (3) ”</InlineAmendment>
, and
</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/242/3/c/2020-12-31" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/242/3/c" id="section-242-3-c">
<Pnumber>c</Pnumber>
<P3para>
<Text>
at the end of sub-paragraph (6) add
<InlineAmendment>“ (including quorum) ”</InlineAmendment>
.
</Text>
</P3para>
</P3>
</P2para>
</P2>
</P1para>
</P1>
</P1group>
<P1group RestrictStartDate="2009-06-01">
<Title>Tenure</Title>
<P1 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/243/2020-12-31" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/243" id="section-243">
<Pnumber PuncAfter="">
<CommentaryRef Ref="key-2fbe429f84707e2cf2d1de705053f00c"/>
243
</Pnumber>
<P1para>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/243/1/2020-12-31" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/243/1" id="section-243-1">
<Pnumber>1</Pnumber>
<P2para>
<Text>At the end of paragraph 1 of Schedule 1 to the Bank of England Act 1998 (Governor and Deputies: appointment) add—</Text>
<BlockAmendment TargetClass="unknown" TargetSubClass="unknown" Context="schedule" Format="default">
<P2>
<Pnumber>3</Pnumber>
<P2para>
<Text>A person may not be appointed as Governor more than twice.</Text>
</P2para>
</P2>
<P2>
<Pnumber>4</Pnumber>
<P2para>
<Text>A person may not be appointed as Deputy Governor more than twice.</Text>
</P2para>
</P2>
</BlockAmendment>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/243/2/2020-12-31" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/243/2" id="section-243-2">
<Pnumber>2</Pnumber>
<P2para>
<Text>
At the end of paragraph 6 of that Schedule (re-appointment) insert
<InlineAmendment>“ (subject to paragraph 1(3) and (4)) ”</InlineAmendment>
.
</Text>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/243/3/2020-12-31" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/243/3" id="section-243-3">
<Pnumber>3</Pnumber>
<P2para>
<Text>After paragraphs 1 and 2 of Schedule 3 to that Act (Monetary Policy Committee: appointment) insert—</Text>
<BlockAmendment TargetClass="unknown" TargetSubClass="unknown" Context="schedule" Format="default">
<P1group Layout="below">
<Title/>
<P1>
<Pnumber PuncAfter="">2A</Pnumber>
<P1para>
<Text>A person may not be appointed as a member of the Committee under section 13(2)(c) more than twice.</Text>
</P1para>
</P1>
</P1group>
</BlockAmendment>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/243/4/2020-12-31" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/243/4" id="section-243-4">
<Pnumber>4</Pnumber>
<P2para>
<Text>
At the end of paragraph 6 of that Schedule (re-appointment) insert
<InlineAmendment>“ (subject to paragraph 2A) ”</InlineAmendment>
.
</Text>
</P2para>
</P2>
</P1para>
</P1>
</P1group>
<P1group RestrictEndDate="2023-08-29" RestrictStartDate="2018-10-26" RestrictExtent="E+W+S+N.I.">
<Title>Immunity</Title>
<P1 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/244/2020-12-31" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/244" id="section-244">
<Pnumber PuncAfter="">
<CommentaryRef Ref="key-a932cfacfeded2398a81fc004ab22139"/>
244
</Pnumber>
<P1para>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/244/1/2020-12-31" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/244/1" id="section-244-1">
<Pnumber>1</Pnumber>
<P2para>
<Text>The Bank of England has immunity in its capacity as a monetary authority.</Text>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/244/2/2020-12-31" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/244/2" id="section-244-2" RestrictStartDate="2013-04-01">
<Pnumber>2</Pnumber>
<P2para>
<Text>In this section—</Text>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/244/2/a/2020-12-31" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/244/2/a" id="section-244-2-a" RestrictStartDate="2013-04-01">
<Pnumber>a</Pnumber>
<P3para>
<Text>
a reference to the Bank of England is a reference to the Bank and anyone who acts or purports to act as a director, officer,
<Substitution ChangeId="key-5898c3441029fc97632144d915da3964-1474277101983" CommentaryRef="key-5898c3441029fc97632144d915da3964">employee</Substitution>
or agent of the Bank,
</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/244/2/b/2020-12-31" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/244/2/b" id="section-244-2-b">
<Pnumber>b</Pnumber>
<P3para>
<Text>
<Term id="term-immunity">immunity</Term>
” means immunity from liability in damages in respect of action or inaction, and
</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/244/2/c/2020-12-31" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/244/2/c" id="section-244-2-c" RestrictStartDate="2013-04-01">
<Pnumber>c</Pnumber>
<P3para>
<Text>
a reference to the Bank's capacity as a monetary authority includes a reference to
<Substitution ChangeId="key-47aefbf910eda2ad19415fd225b3c0c3-1474277151613" CommentaryRef="key-47aefbf910eda2ad19415fd225b3c0c3">the exercise or purported exercise of the Bank's functions under the Financial Services and Markets Act 2000 </Substitution>
<Substitution ChangeId="key-47aefbf910eda2ad19415fd225b3c0c3-1474277151613" CommentaryRef="key-47aefbf910eda2ad19415fd225b3c0c3">
<Addition ChangeId="key-6e4a1eeabdcbb93e9895f5b5858b6e64-1600376405636" CommentaryRef="key-6e4a1eeabdcbb93e9895f5b5858b6e64">, of its functions under or as a result of regulations made under section 8 of the European Union (Withdrawal) Act 2018</Addition>
</Substitution>
<Substitution ChangeId="key-47aefbf910eda2ad19415fd225b3c0c3-1474277151613" CommentaryRef="key-47aefbf910eda2ad19415fd225b3c0c3">
<Addition ChangeId="key-801ae480690bd5de08f9df8d6cf31e97-1582830597870" CommentaryRef="key-801ae480690bd5de08f9df8d6cf31e97">, of its functions under or in connection with this Act or as a resolution authority for the purposes of the recovery and resolution directive</Addition>
</Substitution>
<Substitution ChangeId="key-47aefbf910eda2ad19415fd225b3c0c3-1474277151613" CommentaryRef="key-47aefbf910eda2ad19415fd225b3c0c3">, of its other regulatory functions or of functions undertaken</Substitution>
by the Bank for the purpose of or in connection with—
</Text>
<P4 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/244/2/c/i/2020-12-31" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/244/2/c/i" id="section-244-2-c-i">
<Pnumber>i</Pnumber>
<P4para>
<Text>acting as the central bank of the United Kingdom, or</Text>
</P4para>
</P4>
<P4 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/244/2/c/ii/2020-12-31" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/244/2/c/ii" id="section-244-2-c-ii">
<Pnumber>ii</Pnumber>
<P4para>
<Text>protecting or enhancing the stability of the financial systems of the United Kingdom.</Text>
</P4para>
</P4>
</P3para>
</P3>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/244/2A/2020-12-31" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/244/2A" id="section-244-2A" RestrictStartDate="2013-04-01">
<Pnumber>
<Addition ChangeId="key-7f5b1da3dfe5f9f579070989d22f7624-1474277065692" CommentaryRef="key-7f5b1da3dfe5f9f579070989d22f7624">2A</Addition>
</Pnumber>
<P2para>
<Text>
<Addition ChangeId="key-7f5b1da3dfe5f9f579070989d22f7624-1474277065692" CommentaryRef="key-7f5b1da3dfe5f9f579070989d22f7624">The Bank's functions under the Financial Services and Markets Act 2000 are to be taken to include any functions that it may exercise as a result of an appointment under any of sections 97, 166 to 169 and 284 of that Act.</Addition>
</Text>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/244/3/2020-12-31" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/244/3" id="section-244-3">
<Pnumber>3</Pnumber>
<P2para>
<Text>The immunity does not extend to action or inaction—</Text>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/244/3/a/2020-12-31" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/244/3/a" id="section-244-3-a">
<Pnumber>a</Pnumber>
<P3para>
<Text>in bad faith, or</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/244/3/b/2020-12-31" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/244/3/b" id="section-244-3-b">
<Pnumber>b</Pnumber>
<P3para>
<Text>in contravention of section 6(1) of the Human Rights Act 1998.</Text>
</P3para>
</P3>
</P2para>
</P2>
</P1para>
</P1>
</P1group>
<P1group RestrictStartDate="2009-02-21">
<Title>Weekly return</Title>
<P1 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/245/2020-12-31" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/245" id="section-245">
<Pnumber PuncAfter="">
<CommentaryRef Ref="key-2d57a3f9d1756043be8549640df145ba"/>
245
</Pnumber>
<P1para>
<Text>Section 6 of the Bank Charter Act 1844 (Bank to produce weekly account) shall cease to have effect.</Text>
</P1para>
</P1>
</P1group>
<P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="2017-03-01">
<Title>Information</Title>
<P1 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/246/2020-12-31" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/246" id="section-246">
<Pnumber PuncAfter="">
<CommentaryRef Ref="key-0d7b97662c842cc1d5b161848e461851"/>
246
</Pnumber>
<P1para>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/246/1/2020-12-31" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/246/1" id="section-246-1">
<Pnumber>1</Pnumber>
<P2para>
<Text>The Bank of England may disclose information that it thinks relevant to the financial stability of—</Text>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/246/1/a/2020-12-31" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/246/1/a" id="section-246-1-a">
<Pnumber>a</Pnumber>
<P3para>
<Text>individual financial institutions, or</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/246/1/b/2020-12-31" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/246/1/b" id="section-246-1-b">
<Pnumber>b</Pnumber>
<P3para>
<Text>one or more aspects of the financial systems of the United Kingdom.</Text>
</P3para>
</P3>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/246/2/2020-12-31" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/246/2" id="section-246-2">
<Pnumber>2</Pnumber>
<P2para>
<Text>Information about the business or other affairs of a specified or identifiable person may be disclosed under subsection (1) only to—</Text>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/246/2/a/2020-12-31" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/246/2/a" id="section-246-2-a">
<Pnumber>a</Pnumber>
<P3para>
<Text>the Treasury;</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/246/2/b/2020-12-31" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/246/2/b" id="section-246-2-b">
<Pnumber>
<Substitution ChangeId="key-18166e986ac3d0b86e8a3c7d55e9e90c-1474340495992" CommentaryRef="key-18166e986ac3d0b86e8a3c7d55e9e90c">b</Substitution>
<CommentaryRef Ref="key-dfb724db904f402cf5fdfaf56ebed2f0"/>
</Pnumber>
<P3para>
<Text>
<Substitution ChangeId="key-18166e986ac3d0b86e8a3c7d55e9e90c-1474340495992" CommentaryRef="key-18166e986ac3d0b86e8a3c7d55e9e90c">. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Substitution>
</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/246/2/ba/2020-12-31" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/246/2/ba" id="section-246-2-ba">
<Pnumber>
<Substitution ChangeId="key-18166e986ac3d0b86e8a3c7d55e9e90c-1474340495992" CommentaryRef="key-18166e986ac3d0b86e8a3c7d55e9e90c">ba</Substitution>
</Pnumber>
<P3para>
<Text>
<Substitution ChangeId="key-18166e986ac3d0b86e8a3c7d55e9e90c-1474340495992" CommentaryRef="key-18166e986ac3d0b86e8a3c7d55e9e90c">the Financial Conduct Authority;</Substitution>
</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/246/2/c/2020-12-31" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/246/2/c" id="section-246-2-c">
<Pnumber>c</Pnumber>
<P3para>
<Text>the scheme manager of the Financial Services Compensation Scheme (established under Part 15 of the Financial Services and Markets Act 2000);</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/246/2/ca/2020-12-31" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/246/2/ca" id="section-246-2-ca">
<Pnumber>
<Addition ChangeId="key-0c34aca537a725cfd8b0e693fa7493e5-1574090707907" CommentaryRef="key-0c34aca537a725cfd8b0e693fa7493e5">ca</Addition>
</Pnumber>
<P3para>
<Text>
<Addition ChangeId="key-0c34aca537a725cfd8b0e693fa7493e5-1574090707907" CommentaryRef="key-0c34aca537a725cfd8b0e693fa7493e5">the Payment Systems Regulator (established under section 40 of the Financial Services (Banking Reform) Act 2013);</Addition>
</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/246/2/d/2020-12-31" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/246/2/d" id="section-246-2-d">
<Pnumber>d</Pnumber>
<P3para>
<Text>
an authority in a country or territory outside the United Kingdom which exercises functions similar to those of the Treasury, the Bank of England
<Substitution ChangeId="key-33f7466af98adc497a3a88d3a24a0b1a-1474340552642" CommentaryRef="key-33f7466af98adc497a3a88d3a24a0b1a">, the Prudential Regulation Authority or the Financial Conduct Authority</Substitution>
in relation to financial stability;
</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/246/2/e/2020-12-31" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/246/2/e" id="section-246-2-e">
<Pnumber>e</Pnumber>
<P3para>
<Text>the European Central Bank.</Text>
</P3para>
</P3>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/246/3/2020-12-31" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/246/3" id="section-246-3">
<Pnumber>3</Pnumber>
<P2para>
<Text>This section—</Text>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/246/3/a/2020-12-31" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/246/3/a" id="section-246-3-a">
<Pnumber>a</Pnumber>
<P3para>
<Text>overrides a contractual or other requirement to keep information in confidence, and</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/246/3/b/2020-12-31" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/246/3/b" id="section-246-3-b">
<Pnumber>b</Pnumber>
<P3para>
<Text>is without prejudice to any other power to disclose information.</Text>
</P3para>
</P3>
</P2para>
</P2>
</P1para>
</P1>
</P1group>
<P1group RestrictStartDate="2009-02-21">
<Title>Bank of England Act 1946</Title>
<P1 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/247/2020-12-31" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/247" id="section-247">
<Pnumber PuncAfter="">
<CommentaryRef Ref="key-5a138ee2ac1598be126175f3da0b6a67"/>
247
</Pnumber>
<P1para>
<Text>Nothing in this Act affects the generality of section 4 of the Bank of England Act 1946 (directions and relations with other banks).</Text>
</P1para>
</P1>
</P1group>
</Pblock>
</Part>
</Body>
</Primary>
<Commentaries>
<Commentary id="key-0c34aca537a725cfd8b0e693fa7493e5" Type="F">
<Para>
<Text>
S. 246(2)(ca) inserted (1.3.2014) by
<Citation URI="http://www.legislation.gov.uk/id/ukpga/2013/33" id="ckqu0amd3-00007" Class="UnitedKingdomPublicGeneralAct" Year="2013" Number="33" Title="Financial Services (Banking Reform) Act 2013">Financial Services (Banking Reform) Act 2013 (c. 33)</Citation>
,
<CitationSubRef id="ckqu0amd3-00008" CitationRef="ckqu0amd3-00007" URI="http://www.legislation.gov.uk/id/ukpga/2013/33/section/95" SectionRef="section-95" Operative="true">ss. 95</CitationSubRef>
,
<CitationSubRef id="ckqu0amd3-00009" CitationRef="ckqu0amd3-00007" URI="http://www.legislation.gov.uk/id/ukpga/2013/33/section/148/5" SectionRef="section-148-5">148(5)</CitationSubRef>
;
<Citation URI="http://www.legislation.gov.uk/id/uksi/2014/377" id="ckqu0amd3-00010" Class="UnitedKingdomStatutoryInstrument" Year="2014" Number="377" Title="The Financial Services (Banking Reform) Act 2013 (Commencement No. 1) Order 2014">S.I. 2014/377</Citation>
,
<CitationSubRef id="ckqu0amd3-00011" CitationRef="ckqu0amd3-00010" URI="http://www.legislation.gov.uk/id/uksi/2014/377/article/2/1/a" SectionRef="article-2-1-a">art. 2(1)(a)</CitationSubRef>
,
<CitationSubRef id="ckqu0amd3-00012" CitationRef="ckqu0amd3-00010" URI="http://www.legislation.gov.uk/id/uksi/2014/377/schedule/part/1" SectionRef="schedule-part-1">Sch. Pt. 1</CitationSubRef>
</Text>
</Para>
</Commentary>
<Commentary id="key-0d7b97662c842cc1d5b161848e461851" Type="I">
<Para>
<Text>
S. 246 in force at 21.2.2009 by
<Citation URI="http://www.legislation.gov.uk/id/uksi/2009/296" id="c5njw6fq2-02325" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="296" Title="The Banking Act 2009 (Commencement No. 1) Order 2009">S.I. 2009/296</Citation>
,
<CitationSubRef id="c5njw6fq2-02326" CitationRef="c5njw6fq2-02325" URI="http://www.legislation.gov.uk/id/uksi/2009/296/article/3" SectionRef="article-3">art. 3</CitationSubRef>
,
<CitationSubRef id="c5njw6fq2-02327" CitationRef="c5njw6fq2-02325" URI="http://www.legislation.gov.uk/id/uksi/2009/296/schedule/paragraph/8" SectionRef="schedule-paragraph-8" Operative="true">Sch. para. 8</CitationSubRef>
</Text>
</Para>
</Commentary>
<Commentary id="key-18053f571ee3b9290c9f06abfacba6c8" Type="F">
<Para>
<Text>
<CitationSubRef id="cvtpp1nv3-00004" SectionRef="section-238-2" URI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/238/2">S. 238(2)</CitationSubRef>
repealed (6.7.2016) by
<Citation URI="http://www.legislation.gov.uk/id/ukpga/2016/14" id="cvtpp1nv3-00005" Class="UnitedKingdomPublicGeneralAct" Year="2016" Number="14" Title="Bank of England and Financial Services Act 2016">Bank of England and Financial Services Act 2016 (c. 14)</Citation>
,
<CitationSubRef id="cvtpp1nv3-00006" CitationRef="cvtpp1nv3-00005" SectionRef="section-41-3" URI="http://www.legislation.gov.uk/id/ukpga/2016/14/section/41/3">s. 41(3)</CitationSubRef>
,
<CitationSubRef id="cvtpp1nv3-00007" CitationRef="cvtpp1nv3-00005" SectionRef="schedule-2-paragraph-68" URI="http://www.legislation.gov.uk/id/ukpga/2016/14/schedule/2/paragraph/68" Operative="true">Sch. 2 para. 68</CitationSubRef>
(with
<CitationSubRef id="cvtpp1nv3-00008" CitationRef="cvtpp1nv3-00005" SectionRef="schedule-3" URI="http://www.legislation.gov.uk/id/ukpga/2016/14/schedule/3">Sch. 3</CitationSubRef>
);
<Citation URI="http://www.legislation.gov.uk/id/uksi/2016/627" id="cvtpp1nv3-00009" Class="UnitedKingdomStatutoryInstrument" Year="2016" Number="627" Title="The Bank of England and Financial Services Act 2016 (Commencement No. 3) Regulations 2016">S.I. 2016/627</Citation>
,
<CitationSubRef id="cvtpp1nv3-00010" CitationRef="cvtpp1nv3-00009" SectionRef="regulation-2-2-j" URI="http://www.legislation.gov.uk/id/uksi/2016/627/regulation/2/2/j">reg. 2(2)(j)</CitationSubRef>
</Text>
</Para>
</Commentary>
<Commentary id="key-18166e986ac3d0b86e8a3c7d55e9e90c" Type="F">
<Para>
<Text>
S. 246(2)(b)(ba) substituted for s. 246(2)(b) (1.4.2013) by
<Citation URI="http://www.legislation.gov.uk/id/ukpga/2012/21" id="cax7gl9n2-00009" Class="UnitedKingdomPublicGeneralAct" Year="2012" Number="21" Title="Financial Services Act 2012">Financial Services Act 2012 (c. 21)</Citation>
,
<CitationSubRef id="cax7gl9n2-00010" CitationRef="cax7gl9n2-00009" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/122/3" SectionRef="section-122-3">s. 122(3)</CitationSubRef>
,
<CitationSubRef id="cax7gl9n2-00011" CitationRef="cax7gl9n2-00009" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/17/paragraph/58/a" SectionRef="schedule-17-paragraph-58-a" Operative="true">Sch. 17 para. 58(a)</CitationSubRef>
(with
<CitationSubRef id="cax7gl9n2-00012" CitationRef="cax7gl9n2-00009" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/20" SectionRef="schedule-20">Sch. 20</CitationSubRef>
);
<Citation URI="http://www.legislation.gov.uk/id/uksi/2013/423" id="cax7gl9n2-00013" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="423" Title="The Financial Services Act 2012 (Commencement No. 2) Order 2013">S.I. 2013/423</Citation>
,
<CitationSubRef id="cax7gl9n2-00014" CitationRef="cax7gl9n2-00013" URI="http://www.legislation.gov.uk/id/uksi/2013/423/article/3" SectionRef="article-3">art. 3</CitationSubRef>
,
<CitationSubRef id="cax7gl9n2-00015" CitationRef="cax7gl9n2-00013" URI="http://www.legislation.gov.uk/id/uksi/2013/423/schedule" SectionRef="schedule">Sch.</CitationSubRef>
</Text>
</Para>
</Commentary>
<Commentary id="key-217cb855352dcb633ee9dabb5b7b2e81" Type="I">
<Para>
<Text>
S. 238 in force at 1.6.2009 by
<Citation URI="http://www.legislation.gov.uk/id/uksi/2009/1296" id="c5nkdmra2-00009" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="1296" Title="Banking Act 2009 (Commencement No.2) Order 2009">S.I. 2009/1296</Citation>
,
<CitationSubRef id="c5nkdmra2-00010" CitationRef="c5nkdmra2-00009" URI="http://www.legislation.gov.uk/id/uksi/2009/1296/article/2" SectionRef="article-2">art. 2</CitationSubRef>
,
<CitationSubRef id="c5nkdmra2-00011" CitationRef="c5nkdmra2-00009" URI="http://www.legislation.gov.uk/id/uksi/2009/1296/schedule/paragraph/1" SectionRef="schedule-paragraph-1" Operative="true">Sch. para. 1</CitationSubRef>
</Text>
</Para>
</Commentary>
<Commentary id="key-282a4b461df29f5281f9b7379f4dd0b5" Type="I">
<Para>
<Text>
S. 240 in force at 1.6.2009 by
<Citation URI="http://www.legislation.gov.uk/id/uksi/2009/1296" id="c5nkdmra2-00031" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="1296" Title="Banking Act 2009 (Commencement No.2) Order 2009">S.I. 2009/1296</Citation>
,
<CitationSubRef id="c5nkdmra2-00032" CitationRef="c5nkdmra2-00031" URI="http://www.legislation.gov.uk/id/uksi/2009/1296/article/2" SectionRef="article-2">art. 2</CitationSubRef>
,
<CitationSubRef id="c5nkdmra2-00033" CitationRef="c5nkdmra2-00031" URI="http://www.legislation.gov.uk/id/uksi/2009/1296/schedule/paragraph/3" SectionRef="schedule-paragraph-3" Operative="true">Sch. para. 3</CitationSubRef>
</Text>
</Para>
</Commentary>
<Commentary id="key-2d57a3f9d1756043be8549640df145ba" Type="I">
<Para>
<Text>
S. 245 in force at 21.2.2009 by
<Citation URI="http://www.legislation.gov.uk/id/uksi/2009/296" id="c5njw6fq2-02314" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="296" Title="The Banking Act 2009 (Commencement No. 1) Order 2009">S.I. 2009/296</Citation>
,
<CitationSubRef id="c5njw6fq2-02315" CitationRef="c5njw6fq2-02314" URI="http://www.legislation.gov.uk/id/uksi/2009/296/article/3" SectionRef="article-3">art. 3</CitationSubRef>
,
<CitationSubRef id="c5njw6fq2-02316" CitationRef="c5njw6fq2-02314" URI="http://www.legislation.gov.uk/id/uksi/2009/296/schedule/paragraph/8" SectionRef="schedule-paragraph-8" Operative="true">Sch. para. 8</CitationSubRef>
</Text>
</Para>
</Commentary>
<Commentary id="key-2fbe429f84707e2cf2d1de705053f00c" Type="I">
<Para>
<Text>
S. 243 in force at 1.6.2009 by
<Citation URI="http://www.legislation.gov.uk/id/uksi/2009/1296" id="c5nkdmra2-00064" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="1296" Title="Banking Act 2009 (Commencement No.2) Order 2009">S.I. 2009/1296</Citation>
,
<CitationSubRef id="c5nkdmra2-00065" CitationRef="c5nkdmra2-00064" URI="http://www.legislation.gov.uk/id/uksi/2009/1296/article/2" SectionRef="article-2">art. 2</CitationSubRef>
,
<CitationSubRef id="c5nkdmra2-00066" CitationRef="c5nkdmra2-00064" URI="http://www.legislation.gov.uk/id/uksi/2009/1296/schedule/paragraph/6" SectionRef="schedule-paragraph-6" Operative="true">Sch. para. 6</CitationSubRef>
</Text>
</Para>
</Commentary>
<Commentary id="key-33f7466af98adc497a3a88d3a24a0b1a" Type="F">
<Para>
<Text>
Words in s. 246(2)(d) substituted (1.4.2013) by
<Citation URI="http://www.legislation.gov.uk/id/ukpga/2012/21" id="cax7gl9n2-00022" Class="UnitedKingdomPublicGeneralAct" Year="2012" Number="21" Title="Financial Services Act 2012">Financial Services Act 2012 (c. 21)</Citation>
,
<CitationSubRef id="cax7gl9n2-00023" CitationRef="cax7gl9n2-00022" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/122/3" SectionRef="section-122-3">s. 122(3)</CitationSubRef>
,
<CitationSubRef id="cax7gl9n2-00024" CitationRef="cax7gl9n2-00022" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/17/paragraph/58/b" SectionRef="schedule-17-paragraph-58-b" Operative="true">Sch. 17 para. 58(b)</CitationSubRef>
(with
<CitationSubRef id="cax7gl9n2-00025" CitationRef="cax7gl9n2-00022" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/20" SectionRef="schedule-20">Sch. 20</CitationSubRef>
);
<Citation URI="http://www.legislation.gov.uk/id/uksi/2013/423" id="cax7gl9n2-00026" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="423" Title="The Financial Services Act 2012 (Commencement No. 2) Order 2013">S.I. 2013/423</Citation>
,
<CitationSubRef id="cax7gl9n2-00027" CitationRef="cax7gl9n2-00026" URI="http://www.legislation.gov.uk/id/uksi/2013/423/article/3" SectionRef="article-3">art. 3</CitationSubRef>
,
<CitationSubRef id="cax7gl9n2-00028" CitationRef="cax7gl9n2-00026" URI="http://www.legislation.gov.uk/id/uksi/2013/423/schedule" SectionRef="schedule">Sch.</CitationSubRef>
</Text>
</Para>
</Commentary>
<Commentary id="key-35c02939b3f8ddd812c7270ae18f0a2c" Type="I">
<Para>
<Text>
S. 239 in force at 1.6.2009 by
<Citation URI="http://www.legislation.gov.uk/id/uksi/2009/1296" id="c5nkdmra2-00020" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="1296" Title="Banking Act 2009 (Commencement No.2) Order 2009">S.I. 2009/1296</Citation>
,
<CitationSubRef id="c5nkdmra2-00021" CitationRef="c5nkdmra2-00020" URI="http://www.legislation.gov.uk/id/uksi/2009/1296/article/2" SectionRef="article-2">art. 2</CitationSubRef>
,
<CitationSubRef id="c5nkdmra2-00022" CitationRef="c5nkdmra2-00020" URI="http://www.legislation.gov.uk/id/uksi/2009/1296/schedule/paragraph/2" SectionRef="schedule-paragraph-2" Operative="true">Sch. para. 2</CitationSubRef>
</Text>
</Para>
</Commentary>
<Commentary id="key-47aefbf910eda2ad19415fd225b3c0c3" Type="F">
<Para>
<Text>
Words in s. 244(2)(c) substituted (19.2.2013 for specified purposes, 1.4.2013 in so far as not already in force) by
<Citation URI="http://www.legislation.gov.uk/id/ukpga/2012/21" id="caw5tckd2-00574" Class="UnitedKingdomPublicGeneralAct" Year="2012" Number="21" Title="Financial Services Act 2012">Financial Services Act 2012 (c. 21)</Citation>
,
<CitationSubRef id="caw5tckd2-00575" CitationRef="caw5tckd2-00574" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/122/3" SectionRef="section-122-3">s. 122(3)</CitationSubRef>
,
<CitationSubRef id="caw5tckd2-00576" CitationRef="caw5tckd2-00574" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/2/paragraph/3/2/b" SectionRef="schedule-2-paragraph-3-2-b" Operative="true">Sch. 2 para. 3(2)(b)</CitationSubRef>
(with
<CitationSubRef id="caw5tckd2-00577" CitationRef="caw5tckd2-00574" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/20" SectionRef="schedule-20">Sch. 20</CitationSubRef>
);
<Citation URI="http://www.legislation.gov.uk/id/uksi/2013/113" id="caw5tckd2-00578" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="113" Title="The Financial Services Act 2012 (Commencement No. 1) Order 2013">S.I. 2013/113</Citation>
,
<CitationSubRef id="caw5tckd2-00579" CitationRef="caw5tckd2-00578" URI="http://www.legislation.gov.uk/id/uksi/2013/113/article/2/2" SectionRef="article-2-2">art. 2(2)</CitationSubRef>
,
<CitationSubRef id="caw5tckd2-00580" CitationRef="caw5tckd2-00578" URI="http://www.legislation.gov.uk/id/uksi/2013/113/schedule/part/4" SectionRef="schedule-part-4">Sch. Pt. 4</CitationSubRef>
;
<Citation URI="http://www.legislation.gov.uk/id/uksi/2013/423" id="caw5tckd2-00581" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="423" Title="The Financial Services Act 2012 (Commencement No. 2) Order 2013">S.I. 2013/423</Citation>
,
<CitationSubRef id="caw5tckd2-00582" CitationRef="caw5tckd2-00581" URI="http://www.legislation.gov.uk/id/uksi/2013/423/article/3" SectionRef="article-3">art. 3</CitationSubRef>
,
<CitationSubRef id="caw5tckd2-00583" CitationRef="caw5tckd2-00581" URI="http://www.legislation.gov.uk/id/uksi/2013/423/schedule" SectionRef="schedule">Sch.</CitationSubRef>
</Text>
</Para>
</Commentary>
<Commentary id="key-5898c3441029fc97632144d915da3964" Type="F">
<Para>
<Text>
Word in s. 244(2)(a) substituted (19.2.2013 for specified purposes, 1.4.2013 in so far as not already in force) by
<Citation URI="http://www.legislation.gov.uk/id/ukpga/2012/21" id="caw5tckd2-00555" Class="UnitedKingdomPublicGeneralAct" Year="2012" Number="21" Title="Financial Services Act 2012">Financial Services Act 2012 (c. 21)</Citation>
,
<CitationSubRef id="caw5tckd2-00556" CitationRef="caw5tckd2-00555" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/122/3" SectionRef="section-122-3">s. 122(3)</CitationSubRef>
,
<CitationSubRef id="caw5tckd2-00557" CitationRef="caw5tckd2-00555" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/2/paragraph/3/2/a" SectionRef="schedule-2-paragraph-3-2-a" Operative="true">Sch. 2 para. 3(2)(a)</CitationSubRef>
(with
<CitationSubRef id="caw5tckd2-00558" CitationRef="caw5tckd2-00555" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/20" SectionRef="schedule-20">Sch. 20</CitationSubRef>
);
<Citation URI="http://www.legislation.gov.uk/id/uksi/2013/113" id="caw5tckd2-00559" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="113" Title="The Financial Services Act 2012 (Commencement No. 1) Order 2013">S.I. 2013/113</Citation>
,
<CitationSubRef id="caw5tckd2-00560" CitationRef="caw5tckd2-00559" URI="http://www.legislation.gov.uk/id/uksi/2013/113/article/2/2" SectionRef="article-2-2">art. 2(2)</CitationSubRef>
,
<CitationSubRef id="caw5tckd2-00561" CitationRef="caw5tckd2-00559" URI="http://www.legislation.gov.uk/id/uksi/2013/113/schedule/part/4" SectionRef="schedule-part-4">Sch. Pt. 4</CitationSubRef>
;
<Citation URI="http://www.legislation.gov.uk/id/uksi/2013/423" id="caw5tckd2-00562" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="423" Title="The Financial Services Act 2012 (Commencement No. 2) Order 2013">S.I. 2013/423</Citation>
,
<CitationSubRef id="caw5tckd2-00563" CitationRef="caw5tckd2-00562" URI="http://www.legislation.gov.uk/id/uksi/2013/423/article/3" SectionRef="article-3">art. 3</CitationSubRef>
,
<CitationSubRef id="caw5tckd2-00564" CitationRef="caw5tckd2-00562" URI="http://www.legislation.gov.uk/id/uksi/2013/423/schedule" SectionRef="schedule">Sch.</CitationSubRef>
</Text>
</Para>
</Commentary>
<Commentary id="key-5a138ee2ac1598be126175f3da0b6a67" Type="I">
<Para>
<Text>
S. 247 in force at 21.2.2009 by
<Citation URI="http://www.legislation.gov.uk/id/uksi/2009/296" id="c5njw6fq2-02336" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="296" Title="The Banking Act 2009 (Commencement No. 1) Order 2009">S.I. 2009/296</Citation>
,
<CitationSubRef id="c5njw6fq2-02337" CitationRef="c5njw6fq2-02336" URI="http://www.legislation.gov.uk/id/uksi/2009/296/article/3" SectionRef="article-3">art. 3</CitationSubRef>
,
<CitationSubRef id="c5njw6fq2-02338" CitationRef="c5njw6fq2-02336" URI="http://www.legislation.gov.uk/id/uksi/2009/296/schedule/paragraph/8" SectionRef="schedule-paragraph-8" Operative="true">Sch. para. 8</CitationSubRef>
</Text>
</Para>
</Commentary>
<Commentary id="key-5c729f1a4f10f334e019b10b344dd951" Type="I">
<Para>
<Text>
S. 242 in force at 1.6.2009 by
<Citation URI="http://www.legislation.gov.uk/id/uksi/2009/1296" id="c5nkdmra2-00053" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="1296" Title="Banking Act 2009 (Commencement No.2) Order 2009">S.I. 2009/1296</Citation>
,
<CitationSubRef id="c5nkdmra2-00054" CitationRef="c5nkdmra2-00053" URI="http://www.legislation.gov.uk/id/uksi/2009/1296/article/2" SectionRef="article-2">art. 2</CitationSubRef>
,
<CitationSubRef id="c5nkdmra2-00055" CitationRef="c5nkdmra2-00053" URI="http://www.legislation.gov.uk/id/uksi/2009/1296/schedule/paragraph/5" SectionRef="schedule-paragraph-5" Operative="true">Sch. para. 5</CitationSubRef>
</Text>
</Para>
</Commentary>
<Commentary id="key-6e4a1eeabdcbb93e9895f5b5858b6e64" Type="F">
<Para>
<Text>
Words in
<CitationSubRef id="cwtlwd063-00006" SectionRef="section-244-2-c" URI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/244/2/c">s. 244(2)(c)</CitationSubRef>
inserted (26.10.2018) by
<Citation URI="http://www.legislation.gov.uk/id/uksi/2018/1115" id="cwtlwd063-00007" Class="UnitedKingdomStatutoryInstrument" Year="2018" Number="1115" Title="The Financial Regulators Powers (Technical Standards etc.) (Amendment etc.) (EU Exit) Regulations 2018">The Financial Regulators Powers (Technical Standards etc.) (Amendment etc.) (EU Exit) Regulations 2018 (S.I. 2018/1115)</Citation>
,
<CitationSubRef id="cwtlwd063-00008" CitationRef="cwtlwd063-00007" SectionRef="regulation-1-2" URI="http://www.legislation.gov.uk/id/uksi/2018/1115/regulation/1/2">regs. 1(2)</CitationSubRef>
,
<CitationSubRef id="cwtlwd063-00009" CitationRef="cwtlwd063-00007" SectionRef="regulation-8" URI="http://www.legislation.gov.uk/id/uksi/2018/1115/regulation/8" Operative="true">8</CitationSubRef>
</Text>
</Para>
</Commentary>
<Commentary id="key-7f5b1da3dfe5f9f579070989d22f7624" Type="F">
<Para>
<Text>
S. 244(2A) inserted (19.2.2013 for specified purposes, 1.4.2013 in so far as not already in force) by
<Citation URI="http://www.legislation.gov.uk/id/ukpga/2012/21" id="caw5tckd2-01842" Class="UnitedKingdomPublicGeneralAct" Year="2012" Number="21" Title="Financial Services Act 2012">Financial Services Act 2012 (c. 21)</Citation>
,
<CitationSubRef id="caw5tckd2-01843" CitationRef="caw5tckd2-01842" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/122/3" SectionRef="section-122-3">s. 122(3)</CitationSubRef>
,
<CitationSubRef id="caw5tckd2-01844" CitationRef="caw5tckd2-01842" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/2/paragraph/3/3" SectionRef="schedule-2-paragraph-3-3" Operative="true">Sch. 2 para. 3(3)</CitationSubRef>
(with
<CitationSubRef id="caw5tckd2-01845" CitationRef="caw5tckd2-01842" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/20" SectionRef="schedule-20">Sch. 20</CitationSubRef>
);
<Citation URI="http://www.legislation.gov.uk/id/uksi/2013/113" id="caw5tckd2-01846" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="113" Title="The Financial Services Act 2012 (Commencement No. 1) Order 2013">S.I. 2013/113</Citation>
,
<CitationSubRef id="caw5tckd2-01847" CitationRef="caw5tckd2-01846" URI="http://www.legislation.gov.uk/id/uksi/2013/113/article/2/2" SectionRef="article-2-2">art. 2(2)</CitationSubRef>
,
<CitationSubRef id="caw5tckd2-01848" CitationRef="caw5tckd2-01846" URI="http://www.legislation.gov.uk/id/uksi/2013/113/schedule/part/4" SectionRef="schedule-part-4">Sch. Pt. 4</CitationSubRef>
;
<Citation URI="http://www.legislation.gov.uk/id/uksi/2013/423" id="caw5tckd2-01849" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="423" Title="The Financial Services Act 2012 (Commencement No. 2) Order 2013">S.I. 2013/423</Citation>
,
<CitationSubRef id="caw5tckd2-01850" CitationRef="caw5tckd2-01849" URI="http://www.legislation.gov.uk/id/uksi/2013/423/article/3" SectionRef="article-3">art. 3</CitationSubRef>
,
<CitationSubRef id="caw5tckd2-01851" CitationRef="caw5tckd2-01849" URI="http://www.legislation.gov.uk/id/uksi/2013/423/schedule" SectionRef="schedule">Sch.</CitationSubRef>
</Text>
</Para>
</Commentary>
<Commentary id="key-801ae480690bd5de08f9df8d6cf31e97" Type="F">
<Para>
<Text>
Words in s. 244(2)(c) inserted (1.1.2015) by
<Citation URI="http://www.legislation.gov.uk/id/uksi/2014/3329" id="cordixju3-00007" Class="UnitedKingdomStatutoryInstrument" Year="2014" Number="3329" Title="The Bank Recovery and Resolution Order 2014">The Bank Recovery and Resolution Order 2014 (S.I. 2014/3329)</Citation>
,
<CitationSubRef id="cordixju3-00008" CitationRef="cordixju3-00007" URI="http://www.legislation.gov.uk/id/uksi/2014/3329/article/1/2" SectionRef="article-1-2">arts. 1(2)</CitationSubRef>
,
<CitationSubRef id="cordixju3-00009" CitationRef="cordixju3-00007" URI="http://www.legislation.gov.uk/id/uksi/2014/3329/article/108" SectionRef="article-108" Operative="true">108</CitationSubRef>
</Text>
</Para>
</Commentary>
<Commentary id="key-a932cfacfeded2398a81fc004ab22139" Type="I">
<Para>
<Text>
S. 244 in force at 21.2.2009 by
<Citation URI="http://www.legislation.gov.uk/id/uksi/2009/296" id="c5njw6fq2-02303" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="296" Title="The Banking Act 2009 (Commencement No. 1) Order 2009">S.I. 2009/296</Citation>
,
<CitationSubRef id="c5njw6fq2-02304" CitationRef="c5njw6fq2-02303" URI="http://www.legislation.gov.uk/id/uksi/2009/296/article/3" SectionRef="article-3">art. 3</CitationSubRef>
,
<CitationSubRef id="c5njw6fq2-02305" CitationRef="c5njw6fq2-02303" URI="http://www.legislation.gov.uk/id/uksi/2009/296/schedule/paragraph/8" SectionRef="schedule-paragraph-8" Operative="true">Sch. para. 8</CitationSubRef>
</Text>
</Para>
</Commentary>
<Commentary id="key-caeaeaa44f4a7e7b050d47d0d1c7f7cc" Type="I">
<Para>
<Text>
S. 241 in force at 1.6.2009 by
<Citation URI="http://www.legislation.gov.uk/id/uksi/2009/1296" id="c5nkdmra2-00042" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="1296" Title="Banking Act 2009 (Commencement No.2) Order 2009">S.I. 2009/1296</Citation>
,
<CitationSubRef id="c5nkdmra2-00043" CitationRef="c5nkdmra2-00042" URI="http://www.legislation.gov.uk/id/uksi/2009/1296/article/2" SectionRef="article-2">art. 2</CitationSubRef>
,
<CitationSubRef id="c5nkdmra2-00044" CitationRef="c5nkdmra2-00042" URI="http://www.legislation.gov.uk/id/uksi/2009/1296/schedule/paragraph/4" SectionRef="schedule-paragraph-4" Operative="true">Sch. para. 4</CitationSubRef>
</Text>
</Para>
</Commentary>
<Commentary id="key-dfb724db904f402cf5fdfaf56ebed2f0" Type="F">
<Para>
<Text>
S. 246(2)(b) omitted (1.3.2017) by virtue of
<Citation URI="http://www.legislation.gov.uk/id/ukpga/2016/14" id="cw3r7rs43-00005" Class="UnitedKingdomPublicGeneralAct" Year="2016" Number="14" Title="Bank of England and Financial Services Act 2016">Bank of England and Financial Services Act 2016 (c. 14)</Citation>
,
<CitationSubRef id="cw3r7rs43-00006" CitationRef="cw3r7rs43-00005" URI="http://www.legislation.gov.uk/id/ukpga/2016/14/section/41/3" SectionRef="section-41-3">s. 41(3)</CitationSubRef>
,
<CitationSubRef id="cw3r7rs43-00007" CitationRef="cw3r7rs43-00005" URI="http://www.legislation.gov.uk/id/ukpga/2016/14/schedule/2/paragraph/61" SectionRef="schedule-2-paragraph-61" Operative="true">Sch. 2 para. 61</CitationSubRef>
(with
<CitationSubRef id="cw3r7rs43-00008" CitationRef="cw3r7rs43-00005" URI="http://www.legislation.gov.uk/id/ukpga/2016/14/schedule/3" SectionRef="schedule-3">Sch. 3</CitationSubRef>
);
<Citation URI="http://www.legislation.gov.uk/id/uksi/2017/43" id="cw3r7rs43-00009" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="43" Title="The Bank of England and Financial Services Act 2016 (Commencement No. 4 and Saving Provision) Regulations 2017">S.I. 2017/43</Citation>
,
<CitationSubRef id="cw3r7rs43-00010" CitationRef="cw3r7rs43-00009" URI="http://www.legislation.gov.uk/id/uksi/2017/43/regulation/2/g" SectionRef="regulation-2-g">reg. 2(g)</CitationSubRef>
</Text>
</Para>
</Commentary>
</Commentaries>
</Legislation>