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Financial Services Act 2012

Financial Services Act 2012

2012 CHAPTER 21

Commentary

Part 4 – Collaboration between Treasury and Bank of England, Fca Or Pra

Section 59: Duty of Bank to notify Treasury of changes

513.Where the Bank has given a notification under section 58 and there is a substantial change in the matters which gave rise to the notification, the Bank must notify the Treasury. The Bank must also notify the Treasury where the Bank is of the opinion that the risk to which the notification relates has ceased.

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