PART 1Bank of England

2The Bank's financial stability objective

1

Section 2A of the Bank of England Act 1998 (Financial Stability Objective) is amended as follows.

2

In subsection (1)—

a

for “contribute to protecting and enhancing” substitute “protect and enhance”, and

b

for “systems” substitute “system”.

3

In subsection (2), for “and the Financial Services Authority)” substitute “, the Financial Conduct Authority and the Prudential Regulation Authority)”.

4

Omit subsection (3) (which is superseded by the amendments made by section 4 of this Act).