SCHEDULES

SCHEDULE 2Amendments relating to Part 1

PART 1Bank of England Act 1998

I12

In section 2 (functions of court of directors), for subsection (5) substitute—

5

Subsections (2) to (4) are subject to—

a

section 2A (Financial Stability Objective);

b

section 11 (objectives in relation to monetary policy);

c

Part 1A of the Financial Services and Markets Act 2000 (objectives and strategy of the Prudential Regulation Authority).