Section 2 The Bank's financial stability objectiveI1

United Kingdom

(1)

Section 2A of the Bank of England Act 1998 (Financial Stability Objective) is amended as follows.

(2)

In subsection (1)—

(a)

for “contribute to protecting and enhancing” substitute “ protect and enhance ”, and

(b)

for “systems” substitute “ system ”.

(3)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(4)

Omit subsection (3) (which is superseded by the amendments made by section 4 of this Act).

Annotations

F1: S. 2(3) repealed (1.3.2017) by Bank of England and Financial Services Act 2016 (c. 14), s. 41(3), Sch. 2 para. 68 (with Sch. 3); S.I. 2017/43, reg. 2(g)