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Paragraph 19 F1

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

At least once a year the Committee must make a report to the Chancellor of the Exchequer on—

(a)

the adequacy of the resources allocated, in the period to which the report relates, to the Bank's functions as the Prudential Regulation Authority, and

(b)

the extent to which the exercise of the Bank's functions as the Prudential Regulation Authority is independent of the exercise of its other functions.

Annotations

Textual amendments

F1

Sch. 6A inserted (1.3.2017) by Bank of England and Financial Services Act 2016 (c. 14), s. 41(3), Sch. 1 (with Sch. 3); S.I. 2017/43, reg. 2(d)