Paragraph 33 F1

United Kingdom

Paragraph 19 of Schedule 1ZB (annual report by PRA) applies in relation to the Bank, but—

(a)

as if for paragraphs (a) to F2(fb) of sub-paragraph (1) there were substituted—

“(a)
the discharge of its functions relating to recognised clearing houses F3, F4third country central counterparties, recognised CSDs F5, critical third parties and F6third country CSDs,
(b)
the extent to which, in its opinion, in discharging those functions its F7Financial Stability Objective and its objective under section 30D(2) of the Bank of England Act 1998 have been advanced,
(F8c)
the efforts it has made to engage with persons (other than those mentioned in paragraph (a)) appearing to the Bank to have an interest in the discharge of those functions, and
(d)
the results of that engagement,”, and”

(b)

as if F9sub-paragraphs (1A), (1B), (3) and (6) were omitted.

Annotations

Textual amendments

F1: Sch. 17A inserted (24.1.2013 for specified purposes, 1.4.2013 in so far as not already in force) by Financial Services Act 2012 (c. 21), ss. 29(2), 122(3), Sch. 7 (with Sch. 20); S.I. 2013/113, art. 2(1)(b)(c), Sch. Pts. 2, 3; S.I. 2013/423, art. 3, Sch.
F2: Word in Sch. 17A para. 33(a) substituted (1.1.2024 at 1.00 a.m. for specified purposes, 1.8.2024 in so far as not already in force) by Financial Services and Markets Act 2023 (c. 29), ss. 50(12), 86(3) (as amended by S.I. 2023/1410, regs. 1(2), 5); S.I. 2023/1382, regs. 10(f), 11(b)
F3: Words in Sch. 17A para. 33(a) inserted (28.11.2017) by The Central Securities Depositories Regulations 2017 (S.I. 2017/1064), regs. 1, 2(39)(t) (with regs. 7(4), 9(1))
F4: Words in Sch. 17A para. 33(a) inserted (31.12.2020) by The Central Counterparties (Amendment, etc., and Transitional Provision) (EU Exit) Regulations 2018 (S.I. 2018/1184), regs. 1(2), 5(c) (with arts. 11-20) (as amended by S.I. 2019/405, reg. 8; S.I. 2020/56, reg. 7; and S.I. 2020/646, reg. 4; and with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)
F5: Words in Sch. 17A para. 33(a) inserted (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), ss. 19(16), 86(3); S.I. 2023/779, reg. 4(n)
F6: Words in Sch. 17A para. 33 substituted (31.12.2020) by The Investment Exchanges, Clearing Houses and Central Securities Depositories (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/662), regs. 1(3), 17 (with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)
F7: Words in Sch. 17A para. 33(a) substituted (1.1.2024 at 1.00 a.m. for specified purposes, 1.8.2024 in so far as not already in force) by Financial Services and Markets Act 2023 (c. 29), ss. 50(12)(a), 86(3); S.I. 2023/1382, regs. 10(f), 11(b)
F8: Words in Sch. 17A para. 33(a) inserted (1.1.2024 at 1.00 a.m. for specified purposes, 1.8.2024 in so far as not already in force) by Financial Services and Markets Act 2023 (c. 29), ss. 50(12)(b), 86(3); S.I. 2023/1382, regs. 10(f), 11(b)
F9: Words in Sch. 17A para. 33(b) substituted (1.1.2024 at 1.00 a.m. for specified purposes, 1.8.2024 in so far as not already in force) by Financial Services and Markets Act 2023 (c. 29), ss. 50(13), 86(3); S.I. 2023/1382, regs. 10(f), 11(b)

Notes on Schedule 17A

Textual amendments

F2: Words in Sch. 17A heading inserted (1.1.2024 at 1.00 a.m. for specified purposes, 1.8.2024 in so far as not already in force) by Financial Services and Markets Act 2023 (c. 29), ss. 50(5), 86(3); S.I. 2023/1382, regs. 10(f), 11(b)