The Bank for International Settlements (Immunities and Privileges) Order 2021

Interpretation

2.—(1) In this Order—

“1961 Convention Articles” means the Articles (being certain Articles of the Vienna Convention on Diplomatic Relations signed in 1961) which are set out in Schedule 1 to the Diplomatic Privileges Act 1964(1);

“the Bank” means the Bank for International Settlements;

“BISIH London Centre” means the Bank for International Settlements Innovation Hub London Centre in the United Kingdom;

“expert” means a person, other than a member of staff of the Bank or a secondee—

(a)

designated as such by the Bank to perform tasks in connection with the official activities of the Bank or to carry out missions for the Bank; and

(b)

whose designation was notified to the Secretary of State by the Bank prior to the person performing those tasks or carrying out those missions;

“member of staff of the Bank” does not include the General Manager of the Bank, Deputy General Manager of the Bank, or any member of the board of directors of the Bank;

“official activities” includes all activities undertaken pursuant to the statutes of the Bank, and all activities appropriate to fulfil the purpose and functions of the Bank under Article 3 of the statutes of the Bank;

“secondee” means a person—

(a)

who is seconded to the BISIH London Centre from a central bank which is a member of the Bank; and

(b)

whose secondment was notified to the Secretary of State by the Bank prior to the person taking up the secondment.

“statutes of the Bank” means the version of the statutes of the Bank for International Settlements of 20th January 1930 as last amended on 7 November 2016 and effective from 1st January 2019(2);

“tax year” means a year beginning with 6th April and ending on the following 5th April.

(2) In this Order a member of staff appointed to the BISIH London Centre is a person—

(a) who is a member of staff of the Bank;

(b) who is appointed by the Bank to the BISIH London Centre; and

(c) whose appointment was notified to the Secretary of State by the Bank prior to the person taking up the appointment.

(1)

1964 c. 81. Schedule 1 was amended by section 6 of, and paragraph 1 of Schedule 2 to, the Diplomatic and Consular Premises Act 1987 (C. 46).

(2)

https://www.bis.org/about/statutes-en.pdf