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

SCHEDULES

SCHEDULE 2 U.K. Amendments relating to Part 1

PART 1 U.K. Bank of England Act 1998

2 U.K. In section 2 (functions of court of directors), for subsection (5) substitute—

“(5) Subsections (2) to (4) are subject to—

(a) section 2A (Financial Stability Objective);

(b) section 11 (objectives in relation to monetary policy);

(c) Part 1A of the Financial Services and Markets Act 2000 (objectives and strategy of the Prudential Regulation Authority).”

Commencement Information

I1 Sch. 2 para. 2 in force at 1.3.2017 by S.I. 2017/43, reg. 2(g)