SCHEDULES

SCHEDULE 2Amendments relating to Part 1

PART 2Other Acts

23Bank of England Act 1946 (c. 27)

In section 4(1) of the Bank of England Act 1946 (power of Treasury to give directions to the Bank)—

a

the words “monetary policy” become paragraph (a);

b

after that paragraph insert—

b

the exercise by the Bank of its functions as the Prudential Regulation Authority (see section 2A of the Financial Services and Markets Act 2000).