Bank of England Act 1998 (c. 11)

Part I U.K. Constitution, regulation and financial arrangements

Constitution and regulation U.K.

[F1 2AA. Macro-prudential measures: Article 458 of the capital requirements regulation U.K.

(1) The Bank is responsible for the application of Article 458 of the capital requirements regulation so far as it relates to measures which are prescribed by order under section 9L (macro-prudential measures).

(2) The Treasury are responsible for the application of Article 458 of the capital requirements regulation so far as it relates to measures which are not so prescribed.]

Textual Amendments

F1 S. 2AA inserted (1.1.2014) by The Capital Requirements Regulations 2013 (S.I. 2013/3115) , reg. 1(2) , Sch. 2 para. 38(2)