# Banking Act 2009, Section 226: Discretionary functions


(1) Banknote regulations may confer a discretionary function on the Bank of England.
(2) In particular, banknote regulations—
(a) may require compliance with conditions to be imposed (whether generally or only for specified cases or circumstances) by the Bank of England, and
(b) may make a permission or option subject to the approval of the Bank of England (which may be general or only for specified cases or circumstances).
(3) Subsection (2) is in addition to express references in this Part to Bank of England approval.

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Source: https://www.legislation.gov.uk/ukpga/2009/1/section/226 (the official version)
Page: https://openlegislation.uk/banking-act-2009/section-226
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.