PART 1The Bank of England
Governance
5Financial stability strategy
1
Paragraph 11 of Schedule 1 to the Bank of England Act 1998 (matters which may be delegated by court of directors) is amended as follows.
2
In sub-paragraph (2) after “paragraph” insert—
a
include duties and powers conferred on the court of directors by section 9A (financial stability strategy), but
b
except as mentioned in paragraph (a),
3
After sub-paragraph (2) insert—
3
The court of directors retains responsibility for a duty or power which it delegates under this paragraph.