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Section 5 Financial assistanceI1

United Kingdom

(1)

The Treasury may provide financial assistance to the Bank for the purpose of helping the Bank in the delivery of its objectives.

(2)

The Treasury may arrange for money to be paid out of the National Loans Fund in order to enable loans to be made to the Bank, whether directly or indirectly.

(3)

Where a loan from the National Loans Fund is made directly to the Bank, the Treasury is to determine—

(a)

the rate of interest on the loan, and

(b)

other terms and conditions.

Annotations

Commencement

I1

S. 5 in force at 23.5.2023, see s. 11(2)