Bank of England and Financial Services Act 2016
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Change 1
5 Financial stability strategy
(1) Paragraph 11 of Schedule 1 to the Bank of England Act 1998 (matters which may be delegated by court of directors) is amended as follows. (2) In sub-paragraph (2) after “paragraph” insert— (a) include duties and powers conferred on the court of directors by section 9A (financial stability strategy), but (b) except as mentioned in paragraph (a), . (3) After sub-paragraph (2) insert— (3) The court of directors retains responsibility for a duty or power which it delegates under this paragraph.
5 Financial stability strategy
(1) Paragraph 11 of Schedule 1 to the Bank of England Act 1998 (matters which may be delegated by court of directors) is amended as follows. (2) In sub-paragraph (2) after “paragraph” insert— (a) include duties and powers conferred on the court of directors by section 9A (financial stability strategy), but (b) except as mentioned in paragraph (a), . (3) After sub-paragraph (2) insert— (3) The court of directors retains responsibility for a duty or power which it delegates under this paragraph.
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