PART 4

Collaboration between Treasury and Bank of England, FCA or PRA

Duty to lay direction etc before Parliament
63
1
As soon as practicable after giving or revoking a direction under section 61 or receiving a report under section 62(3), the Treasury must lay before Parliament a copy of the direction, notice of revocation or report.
2
But subsection (1) does not apply in a case where the Treasury consider that the publication of the direction, notice of revocation or report would be against the public interest.
3
Where the Treasury decide that publication of a direction, notice of revocation or report would be against the public interest, they must from time to time review that decision and if they subsequently decide that publication is no longer against the public interest they must comply with subsection (1).
S. 63 in force at 1.4.2013 by S.I. 2013/423, art. 3, Sch.