# Financial Services and Markets Act 2023, Paragraph 159: Bank of England Act 1998

Extent: E+W+S+N.I.

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—
(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.”

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Source: https://www.legislation.gov.uk/ukpga/2023/29/schedule/11/paragraph/159 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2023/schedule-11/paragraph-159
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.