{
  "url": "https://openlegislation.uk/taxes-and-duties-etc-interest-rate-regulations-2011/regulation-2",
  "json_url": "https://openlegislation.uk/taxes-and-duties-etc-interest-rate-regulations-2011/regulation-2.json",
  "legislation": "uksi/2011/2446",
  "legislation_title": "The Taxes and Duties, etc (Interest Rate) Regulations 2011",
  "legislation_url": "https://openlegislation.uk/taxes-and-duties-etc-interest-rate-regulations-2011",
  "path": "regulation/2",
  "kind": "regulation",
  "number": "2",
  "heading": "Interpretation",
  "text": "In these Regulations—\n“Bank of England rate” means the official bank rate as announced at the relevant meeting;\n“operative date” means the 13th working day following the relevant meeting;\n“relevant meeting” means the most recent meeting of the Bank of England Monetary Policy Committee;\n“working day” means any day other than a non-business day within the meaning of section 92 of the Bills of Exchange Act 1882.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Reg. 2 in force at 31.10.2011, see reg. 1"
    },
    {
      "type": "footnote",
      "label": "f1",
      "text": "The Monetary Policy Committee was constituted on a statutory basis by section 13 of the Bank of England Act 1998 (c. 11)."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "1882 c. 61; section 92 was amended by sections 3(1) and (3) and 4(4) of the Banking and Financial Dealings Act 1971 (c. 80)."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2011/2446/regulation/2",
    "retrieved_at": "2026-10-29T01:53:33.708784+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}