(1)The [F2Oversight Committee] shall keep the procedures followed by the Monetary Policy Committee under review.
(2)In particular, [F3the function of the Oversight Committee] under subsection (1) shall include determining whether [F4the Monetary Policy Committee] has collected the regional, sectoral and other information necessary for the purposes of formulating monetary policy.
F5(3). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Textual Amendments
F1Words in s. 16 heading substituted (1.4.2013) by Financial Services Act 2012 (c. 21), ss. 3(4)(d), 122(3) (with Sch. 20); S.I. 2013/423, art. 3, Sch.
F2Words in s. 16(1) substituted (1.4.2013) by Financial Services Act 2012 (c. 21), ss. 3(4)(a), 122(3) (with Sch. 20); S.I. 2013/423, art. 3, Sch.
F3Words in s. 16(2) substituted (1.4.2013) by Financial Services Act 2012 (c. 21), ss. 3(4)(b)(i), 122(3) (with Sch. 20); S.I. 2013/423, art. 3, Sch.
F4Words in s. 16(2) substituted (1.4.2013) by Financial Services Act 2012 (c. 21), ss. 3(4)(b)(ii), 122(3) (with Sch. 20); S.I. 2013/423, art. 3, Sch.
F5S. 16(3) omitted (1.4.2013) by virtue of Financial Services Act 2012 (c. 21), ss. 3(4)(c), 122(3) (with Sch. 20); S.I. 2013/423, art. 3, Sch.