Government of Wales Act 2006

[F1 Head A—Financial and Economic Matters U.K.

Textual Amendments

F1 Schs. 7A, 7B substituted for Sch. 7 (1.4.2018) by Wales Act 2017 (c. 4), s. 71(3), Sch. 1 (with Sch. 7 paras. 1, 2, 6); S.I. 2017/1179, reg. 2

Section A1 U.K. A1 Fiscal, economic and monetary policy

15 U.K. Fiscal, economic and monetary policy, including the issue and circulation of money, taxes and excise duties, government borrowing and lending, control over United Kingdom public expenditure, the exchange rate and the Bank of England.

Exceptions

• Devolved taxes, including their collection and management.

• Local taxes to fund local authority expenditure (for example, council tax and non-domestic rates).

Section A2 U.K. A2 The currency

16 U.K. Coinage, legal tender and bank notes.

Section A3 U.K. A3 Financial services

17 U.K. Financial services, including investment business, banking and deposit-taking, collective investment schemes and insurance.

Section A4 U.K. A4 Financial markets

18 U.K. Financial markets, including listing and public offers of securities and investments, transfer of securities and insider dealing.

Section A5 U.K. A5 Dormant accounts

19 U.K. Distribution of money from dormant bank and building society accounts.]