This section has no associated Explanatory Notes
23U.K.In section 4(1) of the Bank of England Act 1946 (power of Treasury to give directions to the Bank)—
(a)the words “monetary policy” become paragraph (a);
(b)after that paragraph insert—
“(b)the exercise by the Bank of its functions as the Prudential Regulation Authority (see section 2A of the Financial Services and Markets Act 2000).”
Commencement Information
I1Sch. 2 para. 23 in force at 1.3.2017 by S.I. 2017/43, reg. 2(g)