Bank of England Act 1998
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Change 1
9I Compliance with directions under section 9H
(1) The regulator must comply with a direction given to it under section 9H as soon as reasonably practicable. (1A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (2) An order under section 9L may, in relation to cases where the regulator is complying with a direction under section 9H, exclude or modify any procedural requirement that would otherwise apply under FSMA 2000 in relation to the exercise by the regulator of its functions in pursuance of the direction. (3) The regulator to which a direction under section 9H is given must give the Financial Policy Committee one or more reports on how it is complying or has complied with the direction. (4) The Financial Policy Committee may give directions to the regulator specifying the times by which reports required by subsection (3) must be given to the Committee. (4A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (5) “ Regulator ” has the same meaning as in section 9H.
9I Compliance with directions under section 9H
(1) The regulator must comply with a direction given to it under section 9H as soon as reasonably practicable. (1A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (2) An order under section 9L may, in relation to cases where the regulator is complying with a direction under section 9H, exclude or modify any procedural requirement that would otherwise apply under FSMA 2000 in relation to the exercise by the regulator of its functions in pursuance of the direction. (3) The regulator to which a direction under section 9H is given must give the Financial Policy Committee one or more reports on how it is complying or has complied with the direction. (4) The Financial Policy Committee may give directions to the regulator specifying the times by which reports required by subsection (3) must be given to the Committee. (4A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (5) “ Regulator ” has the same meaning as in section 9H.
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