[F12(1)For the purposes of exercising their functions with regard to the Debt Management Account the Treasury may—U.K.
(a)exercise the powers conferred by the following provisions of this Schedule;
(b)generally manage the Account in the way the Treasury consider the most efficient.
(2)Any sums held by the Treasury for the purposes of the Debt Management Account may be held in sterling or in any other currency or medium of exchange, whether national or international; and sums may be changed into any currency or medium.
(3)The Treasury may exercise any power with regard to the Debt Management Account with a view to promoting one or more of the objects mentioned in paragraph 1(2) above, and it is immaterial if a particular object is not promoted or is not promoted as fully as it might be.]
Textual Amendments
F1Sch. 5A inserted (15.11.1999 subject to arts. 5-7 of S.I. 1999/2908) by 1998 c. 36, s. 160, Sch. 26 para. 1(3); S.I. 1999/2908, arts. 1, 2