SCHEDULES
SCHEDULE 2Amendments relating to Part 1
PART 1Bank of England Act 1998
4
1
Section 3A (oversight functions) is amended as follows.
2
In subsection (2)(a)—
a
in sub-paragraph (i), after “Act” insert “, the objectives specified in relation to the Prudential Regulation Authority in Part 1A of the Financial Services and Markets Act 2000”;
b
omit the “and” at the end of sub-paragraph (ii);
c
for sub-paragraph (iii) substitute—
iii
the Bank’s strategy determined under section 2,
iv
the Bank’s financial stability strategy determined under section 9A, and
v
the strategy of the Prudential Regulation Authority determined under section 2E of the Financial Services and Markets Act 2000;
3
In subsection (4) omit paragraphs (c) to (h).