5Financial stability strategyU.K.
This section has no associated Explanatory Notes
(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.”
Commencement Information
I1S. 5 in force at 6.7.2016 by S.I. 2016/627, reg. 2(1)(f)