The Bank of England Act 1998 (Macro-prudential Measures) Order 2013

[F1ReviewU.K.

This section has no associated Explanatory Memorandum

4.—(1) The Treasury must from time to time—

(a)carry out a review of articles 1 to 3,

(b)set out the conclusions of the review in a report, and

(c)publish the report.

(2) The report must in particular—

(a)set out the objectives intended to be achieved by the regulatory system established by those articles,

(b)assess the extent to which those objectives are achieved, and

(c)assess whether those objectives remain appropriate and, if so, the extent to which they could be achieved with a system that imposes less regulation.

(3) The first report under this article must be published before the end of the period of five years beginning with the day on which this article comes into force.

(4) Reports under this article are afterwards to be published at intervals not exceeding five years.]

Textual Amendments