OpenLegislation

Paragraph 159 Bank of England Act 1998I1I2

United Kingdom

In section 7D of the Bank of England Act 1998 (examination by Comptroller and Auditor General), in subsection (10)—

(a)

in the definition of “resolution functions” after paragraph (b) insert—

  1. (ba)

    “Schedule 11 to the Financial Services and Markets Act 2023,”;

(b)

for the definition of “stabilisation powers” substitute—

  • ““stabilisation powers” means a stabilisation power within the meaning given by section 1(4) of the Banking Act 2009 or paragraph 1(4) of Schedule 11 to the Financial Services and Markets Act 2023.”

Annotations

Commencement

I1

Sch. 11 para. 159 not in force at Royal Assent, see s. 86(3)

I2

Sch. 11 para. 159 in force at 31.12.2023 by S.I. 2023/1382, reg. 8(b)