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Part IU.K. Constitution, regulation and financial arrangements

Constitution and regulationU.K.

[F13FOversight Committee: further provisionsU.K.

(1)The documents to which the Oversight Committee is to have access in the discharge of its functions include documents considered, or to be considered, by the Financial Policy Committee or the Monetary Policy Committee.

(2)One or two members of the Oversight Committee may attend any meeting of the Financial Policy Committee or the Monetary Policy Committee, but a person attending by virtue of this subsection may not speak unless invited to do so by the person chairing the meeting.

(3)Subsection (2) does not affect—

(a)anything done in relation to the Financial Policy Committee by a member of that Committee who is also a member of the Oversight Committee,

(b)the powers of the Financial Policy Committee under paragraph 13 of Schedule 2A, or

(c)the powers of the Monetary Policy Committee under paragraph 13A of Schedule 3.]

Textual Amendments

F1 Ss. 3A-3F substituted for s. 3 (1.4.2013) by Financial Services Act 2012 (c. 21) , ss. 3(2) , 122(3) (with Sch. 20 ); S.I. 2013/423 , art. 3 ,