Section 3Q Co-operation by FCA ... with Bank of EnglandF1F4
United Kingdom
F2The FCA must take such steps as it considers appropriate to co-operate with the Bank of England in connection with—
the pursuit by the Bank of its Financial Stability Objective, and
the Bank's compliance with its duties under sections 58 and 59 of the Financial Services Act 2012 (duty to notify Treasury of possible need for public funds and of subsequent changes).
Co-operation under subsection (1) may include the sharing of information that the F3FCA is not prevented from disclosing.
Annotations
Textual amendments
- F1
Pt. 1A substituted for Pt. 1 (24.1.2013 for specified purposes, 19.2.2013 for specified purposes, 1.4.2013 in so far as not already in force) by Financial Services Act 2012 (c. 21), ss. 6(1), 122(3) (with Sch. 20); S.I. 2013/113, art. 2(1)(b)(c)(2), Sch. Pts. 2, 3, 4; S.I. 2013/423, art. 3, Sch.
- F2
Words in s. 3Q(1) substituted (1.3.2017) by Bank of England and Financial Services Act 2016 (c. 14), s. 41(3), Sch. 2 para. 30(3) (with Sch. 3); S.I. 2017/43, reg. 2(g)
- F3
Word in s. 3Q(2) substituted (1.3.2017) by Bank of England and Financial Services Act 2016 (c. 14), s. 41(3), Sch. 2 para. 30(4) (with Sch. 3); S.I. 2017/43, reg. 2(g)
- F4
Words in s. 3Q heading omitted (1.3.2017) by virtue of Bank of England and Financial Services Act 2016 (c. 14), s. 41(3), Sch. 2 para. 30(2) (with Sch. 3); S.I. 2017/43, reg. 2(g)