Banking Act 2009

250InformationU.K.

This section has no associated Explanatory Notes

(1)The [F1Prudential Regulation Authority] shall collect information that it thinks is or may be relevant to the stability of—

(a)individual financial institutions, or

(b)one or more aspects of the financial systems of the United Kingdom.

(2)The Authority may perform its function under subsection (1) by the exercise of the power in section 165 [F2or 165A] of the Financial Services and Markets Act 2000 (power to require information–as qualified[F3, in the case of the section 165 power,] by section 249 above) or in any other way.

Textual Amendments

F1Words in s. 250(1) substituted (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 17 para. 60 (with Sch. 20); S.I. 2013/423, art. 3, Sch.

F2Words in s. 250(2) inserted (8.6.2010) by Financial Services Act 2010 (c. 28), s. 26(2)(e), Sch. 2 para. 47(a)

F3Words in s. 250(2) inserted (8.6.2010) by Financial Services Act 2010 (c. 28), s. 26(2)(e), Sch. 2 para. 47(b)

Commencement Information

I1S. 250 in force at 21.2.2009 by S.I. 2009/296, art. 3, Sch. para. 9