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Section 71 Bank of England levy: consequential amendmentsI1I2

United Kingdom

(1)

The Bank of England Act 1998 is amended as follows in consequence of provision made by section 70.

(2)

In section 37 (restriction on disclosure of information), for “cash ratio deposit” substitute “Bank of England levy”.

(3)

In section 38 (offences in relation to supplying information to the Bank), in each of subsections (1) and (3), for “paragraph 9 of Schedule 2” substitute “paragraph 9 of Schedule 2ZA”.

(4)

In section 40 (orders)—

(a)

in subsection (2)—

(i)

after “section 17(4) or (5),” insert “or”;

(ii)

omit “paragraph 1(2) or 5 of Schedule 2, or”;

(b)

in subsection (3) omit “paragraph 2(2) or 8 of Schedule 2,”.

(5)

Schedule 7 (restriction on disclosure of information) is amended in accordance with subsections (6) to (8).

(6)

In paragraph 1(1)(a), for “paragraph 9 of Schedule 2” substitute “paragraph 9 of Schedule 2ZA”.

(7)

In paragraph 2(1)(c), for “Schedule 2” substitute “Schedule 2ZA”.

(8)

In paragraph 5(a), for “Schedule 2 (payment in lieu of cash ratio deposit)” substitute “Schedule 2ZA (Bank of England levy)”.

Annotations

Commencement

I1

S. 71 not in force at Royal Assent, see s. 86(3)

I2

S. 71 in force at 1.3.2024 by S.I. 2024/250, reg. 2(c)