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Financial Services Act 2012

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This is the original version (as it was originally enacted).

2The Bank's financial stability objective

This section has no associated Explanatory Notes

(1)Section 2A of the Bank of England Act 1998 (Financial Stability Objective) is amended as follows.

(2)In subsection (1)—

(a)for “contribute to protecting and enhancing” substitute “protect and enhance”, and

(b)for “systems” substitute “system”.

(3)In subsection (2), for “and the Financial Services Authority)” substitute “, the Financial Conduct Authority and the Prudential Regulation Authority)”.

(4)Omit subsection (3) (which is superseded by the amendments made by section 4 of this Act).

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