{
  "url": "https://openlegislation.uk/bank-of-england-act-1998-macro-prudential-measures-no2-order-2015/article-3",
  "json_url": "https://openlegislation.uk/bank-of-england-act-1998-macro-prudential-measures-no2-order-2015/article-3.json",
  "legislation": "uksi/2015/905",
  "legislation_title": "The Bank of England Act 1998 (Macro-prudential Measures) (No.2) Order 2015",
  "legislation_url": "https://openlegislation.uk/bank-of-england-act-1998-macro-prudential-measures-no2-order-2015",
  "path": "article/3",
  "kind": "article",
  "number": "3",
  "heading": "Macro-prudential measures",
  "text": "(1) Subject to paragraph (2), each of the measures set out in article 4 may be applied on, or by reference to, an individual basis or a consolidated basis.\n(2) Where a measure set out in article 4(1)(a) or (d) is applied to the holding company of a UK bank or of a UK investment firm, the measure may only be applied to that holding company on, or by reference to, a consolidated basis.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Art. 3 substituted (21.7.2021) by The Bank of England Act 1998 (Macro-prudential Measures) (Amendment) Order 2021 (S.I. 2021/869), arts. 1(2), 4(4)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2015/905/article/3",
    "retrieved_at": "2026-10-28T23:40:06.793551+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}