# The Cash Ratio Deposits (Value Bands and Ratios) Order 2008, 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 ***
Coming into force 2nd June 2008
The Treasury make this Order in exercise of the powers conferred by paragraph 5 of Schedule 2 to the Bank of England Act 1998.
In accordance with paragraphs 10 and 11 of Schedule 2 to that Act, the Treasury have consulted the Bank of England, such persons as appear to them to be representative of persons likely to be materially affected by this Order and such other persons as they think fit, and in making this Order have regard to the financial needs of the Bank of England.
In accordance with section 40(2) of the Bank of England Act 1998, a draft of this Order was laid before Parliament and approved by a resolution of each House of Parliament.

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Source: https://www.legislation.gov.uk/ukdsi/2008/9780110814551/introduction (the official version)
Page: https://openlegislation.uk/draft-cash-ratio-deposits-value-bands-and-ratios-order-2008/introduction
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.