EXPLANATORY NOTE

(This note is not part of the Order)

This Order confers legal capacity and grants immunities and privileges on the Bank for International Settlements and certain of its officers, members of staff, secondees and experts. These privileges and immunities are conferred in accordance with a Host Country Agreement (CP 368) which has been negotiated between Her Majesty’s Government and the Bank. It will enable Her Majesty’s Government to give effect to that Agreement.