Article 17 Independent valuation

(1)

Section 62A (independent valuer: valuation under section 6E or 48X) M1 is amended as follows.

(2)

After subsection (1) insert—

“(1A)
The Bank may require the bank to which the valuation relates to reimburse the Bank for costs it incurs in relation to the independent valuer (including remuneration and allowances paid to the valuer and the valuer's staff).”.

(3)

In subsection (6)—

(a)

for “Sections” substitute “ Section ”;

(b)

omit “, and 56”.

Annotations

Marginal citations

M1: Section 62A was inserted by S.I. 2014/3329.

Notes on the whole SI

Textual amendments

F1: Order revoked (14.12.2023 for the revocation of art. 42) by Financial Services and Markets Act 2023 (c. 29), s. 86(3), Sch. 1 Pt. 2 (with s. 1(4)); S.I. 2023/1382, reg. 2(c)(xvi)