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Banking Act 2009
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Changes over time for: Section 206B
Version Superseded: 31/12/2020
Alternative versions:
- 01/04/2013- Amendment
- 01/08/2014
Point in time - 31/12/2020- Amendment
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Banking Act 2009, Section 206B is up to date with all changes known to be in force on or before 19 November 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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[F1206BInternational obligationsU.K.
This section has no associated Explanatory Notes
(1)If it appears to the Treasury that any action proposed to be taken by the Bank of England in exercising its powers under this Part would be incompatible with EU obligations or any other international obligations of the United Kingdom, the Treasury may direct the Bank not to take that action.
(2)If it appears to the Treasury that any action which the Bank of England has power under this Part to take is required for the purpose of implementing any such obligation, the Treasury may direct the Bank to take that action.
(3)A direction under this section—
(a)may include such supplemental or incidental requirements as the Treasury consider necessary or expedient, and
(b)is enforceable on an application by the Treasury, by injunction or, in Scotland, by an order for specific performance under section 45 of the Court of Session Act 1988.]
Textual Amendments
F1S. 206B inserted (1.4.2013) by Financial Services Act 2012 (c. 21), ss. 105, 122(3) (with Sch. 20); S.I. 2013/423, art. 3, Sch.
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