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Bank of England Act 1946
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Changes over time for: Section 4
Version Superseded: 01/03/2017
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- 01/02/1991- Amendment
- 01/06/1998- Amendment
- 01/06/1998
Point in time - 01/03/2017- Amendment
- 01/01/2024- Amendment
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4 Treasury directions to the Bank and relations of the Bank with other banks.U.K.
(1)The Treasury may from time to time give such directions to the Bank as, after consultation with the Governor of the Bank, they think necessary in the public interest [F1, except in relation to monetary policy].
F2(2). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(3)The Bank, if they think it necessary in the public interest, may request information from and make recommendations to bankers, and may, if so authorised by the Treasury, issue directions to any banker for the purpose of securing that effect is given to any such request or recommendation:
Provided that:—
(a)no such request or recommendations shall be made with respect to the affairs of any particular customer of a banker; and
(b)before authorising the issue of any such directions the Treasury shall give the banker concerned, or such person as appears to them to represent him, an opportunity of making representations with respect thereto.
(4). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F3
(5). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F3
(6)In this section the expression “banker” means any such person carrying on a banking undertaking as may be declared by order of the Treasury to be a banker for the purposes of this section.
(7)Any order made under the last foregoing subsection may be varied or revoked by a subsequent order.
(8). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F4
Textual Amendments
F1Words in s. 4(1) inserted (1.6.1998) by 1998 c. 11, s.10; S.I. 1998/1120, art.2
F2S. 4(2) repealed (1.6.1998) by 1998 c. 11, s. 43, Sch. 9 Pt. I; S.I. 1998/1120, art.2
F3S. 4(4)(5) repealed by Official Secrets Act 1989 (c. 6, SIF 39:2), s. 16(4), Sch. 2
F4Ss. 3(4), 4(8), Sch. 3 repealed by Statute Law Revision Act 1950 (c. 6)
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