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(4)Omit subsection (3) (which is superseded by the amendments made by section 4 of this Act).