Point in time view as at 31/12/2024.
There are currently no known outstanding effects for the Financial Services and Markets Act 2023, Paragraph 159.
159In section 7D of the Bank of England Act 1998 (examination by Comptroller and Auditor General), in subsection (10)—
(a)in the definition of “resolution functions” after paragraph (b) insert—
Schedule 11 to the Financial Services and Markets Act 2023,”;
(b)for the definition of “stabilisation powers” substitute—
““stabilisation powers” means a stabilisation power within the meaning given by section 1(4) of the Banking Act 2009 or paragraph 1(4) of Schedule 11 to the Financial Services and Markets Act 2023.”
Commencement Information
I1Sch. 11 para. 159 not in force at Royal Assent, see s. 86(3)
I2Sch. 11 para. 159 in force at 31.12.2023 by S.I. 2023/1382, reg. 8(b)
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