# Bank of England and Financial Services Act 2016, Paragraph 23


In section 4(1) of the Bank of England Act 1946 (power of Treasury to give directions to the Bank)—
(a) the words “monetary policy” become paragraph (a);
(b) after that paragraph insert—
“(b) the exercise by the Bank of its functions as the Prudential Regulation Authority (see section 2A of the Financial Services and Markets Act 2000).”

---
Source: https://www.legislation.gov.uk/ukpga/2016/14/schedule/2/paragraph/23 (the official version)
Page: https://openlegislation.uk/bank-of-england-and-financial-services-act-2016/schedule-2/paragraph-23
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.