SCHEDULES

SCHEDULE 2Amendments relating to Part 1

PART 1Bank of England Act 1998

I15

1

Section 3C (reviews) is amended as follows.

2

In subsection (1)—

a

after “of its” insert “ oversight ”;

b

for “Oversight Committee” substitute “ court of directors ”;

c

in paragraphs (a) and (b) for “Committee” substitute “ court of directors ”.

3

In subsection (3)(a) for “by the Committee in the discharge of any of its” substitute “in relation to the discharge of any of the court's”.

4

Omit subsection (4).

5

In subsection (5) for “the Committee must have regard” substitute “ regard must be had ”.