SCHEDULE 1Amendments of the Banking Act 2009
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1
Section 48H (business reorganisation plans) is amended as follows.
2
In subsection (1)—
a
omit the “and” after paragraph (a);
b
after paragraph (b) insert—
; and
c
submit to the Bank of England progress reports on the implementation of the plan at such intervals as the instrument may require.
3
After subsection (7) insert—
7A
The Bank of England may make technical standards which—
a
require progress reports mentioned in subsection (1)(c) to include such matters as are specified in the technical standards; or
b
otherwise relate to the content of those progress reports, so far as dealing with matters so specified.