SCHEDULES

SCHEDULE 2Amendments relating to Part 1

PART 2Other Acts

Financial Services and Markets Act 2000 (c. 8)

50

I11

Schedule 1ZB (Prudential Regulation Authority) is amended as follows.

I12

In the shoulder note, for “2A” substitute “ 2AB. ”

I13

In paragraph 1—

a

omit the definition of “the Bank”;

b

for “2A(6)” substitute “ 2AB(3) ”.

I14

Omit paragraphs 2 to 16 and 18.

I15

In paragraph 19 (annual report)—

a

in sub-paragraph (1), in the words before paragraph (a), for “Treasury” substitute “ Chancellor of the Exchequer ”;

b

omit sub-paragraph (3)(a);

c

in sub-paragraph (4)—

i

for “Treasury” substitute “ Chancellor of the Exchequer ”;

ii

for “them” substitute “ the Chancellor ”;

d

after sub-paragraph (4) insert—

5

The Chancellor may comply with sub-paragraph (4) by laying a document containing a report under this paragraph together with a report under section 4 of the Bank of England Act 1998.

6

Omit paragraphs 22 to 26.

I17

In paragraph 31—

a

in sub-paragraph (2) for “2A(6)” substitute “ 2AB(3) ”;

b

in sub-paragraph (4) for “2A(6)(d)” substitute “ 2AB(3)(d) ”.