# Bank of England Act 1998, Paragraph 19


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.

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Source: https://www.legislation.gov.uk/ukpga/1998/11/schedule/6A/paragraph/19 (the official version)
Page: https://openlegislation.uk/bank-of-england-act-1998/schedule-6A/paragraph-19
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.