Section 203B Annual reportF1

(1)

At least once a year the Bank of England must make a report to the Treasury on—

(a)

the discharge of its functions under this Part,

(b)

the extent to which, in its opinion, in discharging those functions its financial stability objective has been met, and

(c)

such other matters as the Treasury may from time to time direct.

(2)

Subsection (1) does not require the inclusion in the report of any information whose publication would in the opinion of the Bank of England be against the public interest.

(3)

The Treasury must lay before Parliament a copy of each report received by them under this section.

Annotations

Textual amendments

F1: Ss. 203A, 203B inserted (1.4.2013) by Financial Services Act 2012 (c. 21), ss. 104(8), 122(3) (with Sch. 20); S.I. 2013/423, art. 3, Sch.

Notes on Part 5

Textual amendments

F1: Word in Pt. 5 heading omitted (27.6.2017) by virtue of Digital Economy Act 2017 (c. 30), s. 118(2), Sch. 9 para. 2
F2: Words in Pt. 5 heading inserted (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), s. 86(2)(a), Sch. 6 para. 2