Bank of England and Financial Services Act 2016

This section has no associated Explanatory Notes

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”.