The Bank of England (Amendment) (EU Exit) Regulations 2018

Part 1A: financial stability

4.—(1) In section 9H (directions to FCA or PRA requiring macro-prudential measures)(1)—

(a) in subsection (2)(a)—

(i) at the end of sub-paragraph (i), insert “or”;

(ii) at the end of sub-paragraph (ii), omit “or”;

(iii) omit sub-paragraph (iii);

(b) omit subsection (11).

(2) In section 9I (compliance with directions under section 9H)(2)—

(a) omit subsection (1A);

(b) omit subsection (4A).

(3) In section 9Q (recommendations to FCA and PRA)(3), omit subsections (4A), (4B) and (4C).

(4) In section 9U (publication of record of meetings)(4)—

(a) in subsection (3), omit paragraph (c);

(b) in subsection (8), omit paragraphs (f) and (g).

(1)

Section 9H was inserted with sections 9A to 9G and 9I to 9ZA by section 4 of the Financial Services Act 2012 (c.21). It was amended by S.I. 2014/894.

(2)

Subsections (1A) and (4A) were inserted by S.I. 2014/894.

(3)

Subsections (4A) to (4C) were inserted by S.I. 2014/894.

(4)

Subsection (3)(c) and (8)(f ) and (g) were inserted by S.I. 2014/894.