Part 6Banknotes: Scotland and Northern Ireland
Regulations and rules
I1216Banknote rules
1
Banknote regulations may require or permit the Bank of England to make rules (“banknote rules”) about any aspect of the treatment, holding or issuing of banknotes by authorised banks.
2
In particular, banknote regulations may require or permit banknote rules to do anything which banknote regulations may do.
3
Banknote rules—
a
may make provision generally or only for specified purposes, cases or circumstances, and
b
may make different provision for different purposes, cases or circumstances.