SCHEDULES

SCHEDULE 2Amendments relating to Part 1

PART 1Bank of England Act 1998

5

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”.