Bank of England and Financial Services Act 2016 (c. 14)

SCHEDULES

SCHEDULE 2 Amendments relating to Part 1

PART 1 Bank of England Act 1998

5 (1) Section 3C (reviews) is amended as follows.

(2) In subsection (1)—

(a) after “of its” insert “oversight”;

(b) for “Oversight Committee” substitute “court of directors”;

(c) in paragraphs (a) and (b) for “Committee” substitute “court of directors”.

(3) In subsection (3)(a) for “by the Committee in the discharge of any of its” substitute “in relation to the discharge of any of the court’s”.

(4) Omit subsection (4).

(5) In subsection (5) for “the Committee must have regard” substitute “regard must be had”.