Bank of England Act 1998, Cross Heading: Disclosure for the purposes of the Bank’s functions is up to date with all changes known to be in force on or before 25 May 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
2(1)Paragraph 1 does not preclude the disclosure of information in any case in which disclosure is for the purpose of enabling or assisting the Bank to discharge—U.K.
(a)its functions as a monetary authority,
(b)its functions as a supervisor of systems for the transfer of funds between credit institutions and their customers, F1...
(c)its functions under [F2Schedule 2ZA], [F3 or
(d)its functions as the Prudential Regulation Authority.]
[F4(2)“Credit institution” means an undertaking whose business is to receive deposits or other repayable funds from the public and to grant credits for its own account.]
Textual Amendments
F1Word in Sch. 7 para. 2(1)(b) omitted (1.3.2017) by virtue of Bank of England and Financial Services Act 2016 (c. 14), s. 41(3), Sch. 2 para. 22(2)(a) (with Sch. 3); S.I. 2017/43, reg. 2(g)
F2Words in Sch. 7 para. 2(1)(c) substituted (1.3.2024) by Financial Services and Markets Act 2023 (c. 29), ss. 71(7), 86(3); S.I. 2024/250, reg. 2(c)
F3Sch. 7 para. 2(1)(d) inserted (1.3.2017) by Bank of England and Financial Services Act 2016 (c. 14), s. 41(3), Sch. 2 para. 22(2)(b) (with Sch. 3); S.I. 2017/43, reg. 2(g)
F4Sch. 7 para. 2(2) substituted (1.12.2001) by S.I. 2001/3649, arts. 1, 164(2)
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