PART 3B

Central counterparties and central securities depositories

Information
30H
1
The Bank must publish a statement setting out the following matters in respect of the FMI Committee—
a
the number of members and whether each such member is a Bank member or an independent member;
b
if the Committee includes any Bank members, the role of each such member within the Bank;
c
arrangements for meetings and how proceedings at meetings are conducted;
d
arrangements for the taking of decisions otherwise than at meetings;
e
arrangements for any functions to be carried out by, or after consultation with, the Governor of the Bank (including details of the functions to which such arrangements relate);
f
arrangements for the delegation of functions.
2
If there is a material change in any of the matters contained in the statement the Bank must publish an updated statement.
3
Publication under this section is to be made in such manner as the Bank considers best designed to bring the statement to the attention of the public.
4
For the purposes of subsection (1)—
a
a person is an independent member if they are appointed in accordance with section 30F(2)(b) and (4);
b
a person is a Bank member if they are an officer or employee of the Bank who is not appointed as mentioned in paragraph (a).
Pt. 3B inserted (1.1.2024 at 1.00 a.m. for the insertion of ss. 30E(1)(c), 30I(2) for specified purposes, 1.1.2025 for the insertion of s. 30E(1)(c) for specified purposes, 1.2.2025 for the insertion of s. 30I(2) so far as not already on force) by Financial Services and Markets Act 2023 (c. 29), ss. 48, 86(3); S.I. 2023/1382, regs. 10(d), 12(b), 13 (with reg. 16(1))