Paragraph 23 I1
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).”
Annotations
Commencement
- I1
Sch. 2 para. 23 in force at 1.3.2017 by S.I. 2017/43, reg. 2(g)