{
  "url": "https://openlegislation.uk/bank-of-england-and-financial-services-act-2016/schedule-2/paragraph-50",
  "json_url": "https://openlegislation.uk/bank-of-england-and-financial-services-act-2016/schedule-2/paragraph-50.json",
  "legislation": "ukpga/2016/14",
  "legislation_title": "Bank of England and Financial Services Act 2016",
  "legislation_url": "https://openlegislation.uk/bank-of-england-and-financial-services-act-2016",
  "path": "schedule/2/paragraph/50",
  "kind": "paragraph",
  "number": "50",
  "heading": null,
  "text": "(1) Schedule 1ZB (Prudential Regulation Authority) is amended as follows.\n(2) In the shoulder note, for “2A” substitute “ 2AB. ”\n(3) In paragraph 1—\n(a) omit the definition of “the Bank”;\n(b) for “2A(6)” substitute “ 2AB(3) ”.\n(4) Omit paragraphs 2 to 16 and 18.\n(5) In paragraph 19 (annual report)—\n(a) in sub-paragraph (1), in the words before paragraph (a), for “Treasury” substitute “ Chancellor of the Exchequer ”;\n(b) omit sub-paragraph (3)(a);\n(c) in sub-paragraph (4)—\n(i) for “Treasury” substitute “ Chancellor of the Exchequer ”;\n(ii) for “them” substitute “ the Chancellor ”;\n(d) after sub-paragraph (4) insert—\n“(5) The Chancellor may comply with sub-paragraph (4) by laying a document containing a report under this paragraph together with a report under section 4 of the Bank of England Act 1998.”\n(6) Omit paragraphs 22 to 26.\n(7) In paragraph 31—\n(a) in sub-paragraph (2) for “2A(6)” substitute “ 2AB(3) ”;\n(b) in sub-paragraph (4) for “2A(6)(d)” substitute “ 2AB(3)(d) ”.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Sch. 2 para. 50 in force at 1.3.2017 by S.I. 2017/43, regs. 2(g), 3(1) (with reg. 3(2)(3))"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2016/14/schedule/2/paragraph/50",
    "retrieved_at": "2026-10-29T09:06:19.191572+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."
}