{
  "url": "https://openlegislation.uk/bank-of-england-act-1998/section-40",
  "json_url": "https://openlegislation.uk/bank-of-england-act-1998/section-40.json",
  "legislation": "ukpga/1998/11",
  "legislation_title": "Bank of England Act 1998",
  "legislation_url": "https://openlegislation.uk/bank-of-england-act-1998",
  "path": "section/40",
  "kind": "section",
  "number": "40",
  "heading": "Orders.",
  "text": "(1) Any power of the Treasury to make an order under this Act shall be exercisable by statutory instrument.\n(2) An order under—section 1A(1),\nsection 17(4) or (5), or\n...\nparagraph 3(2) of Schedule 7,\nshall not be made unless a draft of the order has been laid before and approved by resolution of each House of Parliament.\n(3) A statutory instrument containing an order under—\nsection 23(2),\n...\nparagraph 1(5) of Schedule 4, or\nparagraph 3(3) of Schedule 7,\nshall be subject to annulment in pursuance of a resolution of either House of Parliament.\n(4) A statutory instrument containing an order under section 33 shall be subject to annulment in pursuance of a resolution of the House of Commons.\n(4A) Section 9N contains its own provisions about parliamentary procedure in relation to an order under section 9L.\n(5) Section 19 contains its own provisions about parliamentary procedure in relation to an order under that section.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in s. 40(2) inserted (6.7.2016) by Bank of England and Financial Services Act 2016 (c. 14), s. 41(3), Sch. 2 para. 18 (with Sch. 3); S.I. 2016/627, reg. 2(2)(f)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Word in s. 40(2) inserted (1.3.2024) by Financial Services and Markets Act 2023 (c. 29), ss. 71(4)(a)(i), 86(3); S.I. 2024/250, reg. 2(c)"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "Words in s. 40(2) omitted (1.3.2024) by virtue of Financial Services and Markets Act 2023 (c. 29), ss. 71(4)(a)(ii), 86(3); S.I. 2024/250, reg. 2(c)"
    },
    {
      "type": "F",
      "label": "F4",
      "text": "Words in s. 40(3) omitted (1.3.2024) by virtue of Financial Services and Markets Act 2023 (c. 29), ss. 71(4)(b), 86(3); S.I. 2024/250, reg. 2(c)"
    },
    {
      "type": "F",
      "label": "F5",
      "text": "S. 40(4A) inserted (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 1 para. 3 (with Sch. 20); S.I. 2013/423, art. 3, Sch."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/1998/11/section/40",
    "retrieved_at": "2026-10-29T09:23:10.863404+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."
}