# The Cash Ratio Deposits (Value Bands and Ratios) Order 2004, Introduction: Introductory text


Draft Order laid before Parliament under section 40(2) of the Bank of England Act 1998, for approval by resolution of each House of Parliament.
BANKS AND BANKING
Made 2004
Coming into force 1st June 2004
Whereas a draft of this Order has been approved by a resolution of each House of Parliament pursuant to section 40(2) of the Bank of England Act 1998;
Now therefore, the Treasury, having consulted the Bank of England, such persons as appear to them to be representative of persons likely to be materially affected by the following Order and such other persons as they think fit, and having regard to the financial needs of the Bank of England, in exercise of the powers conferred upon them by paragraph 5 of Schedule 2 to the Bank of England Act 1998 hereby make the following Order:

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Source: https://www.legislation.gov.uk/ukdsi/2004/0110488342/introduction (the official version)
Page: https://openlegislation.uk/draft-cash-ratio-deposits-value-bands-and-ratios-order-2004/introduction
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.