Financial Services Act 2012
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Change 1
SCHEDULE 1 Bank of England Financial Policy Committee
Section 4 PART 1 Schedule to be inserted as Schedule 2A to Bank of England Act 1998 PART 2 Other amendments relating to Financial Policy Committee Bank of England Act 1998 (c. 11) 1 In section 4 of the Bank of England Act 1998 (annual report by Bank), in subsection (2), for the “and” at the end of paragraph (a) substitute— (aa) a report by the court of directors on the activities of the Financial Policy Committee of the Bank, and . 2 In section 15 of the Bank of England Act 1998 (publication of minutes of meetings of Monetary Policy Committee) after subsection (4) insert— (4A) The Bank shall exclude from minutes published under this section information which relates to proceedings of the Financial Policy Committee if the Bank considers that publication of that information would be against the public interest. 3 In section 40 of the Bank of England Act 1998 (orders), after subsection (4) insert— (4A) Section 9N contains its own provisions about parliamentary procedure in relation to an order under section 9L. House of Commons Disqualification Act 1975 (c. 24) 4 In Part 3 of Schedule 1 to the House of Commons Disqualification Act 1975 (other disqualifying offices), at the appropriate place insert— “ Member of the Financial Policy Committee of the Bank of England appointed under section 9B(1)(d) or (e) of the Bank of England Act 1998. ” Northern Ireland Assembly Disqualification Act 1975 (c. 25) 5 In Part 3 of Schedule 1 to the Northern Ireland Assembly Disqualification Act 1975 (other disqualifying offices), at the appropriate place insert— “ Member of the Financial Policy Committee of the Bank of England appointed under section 9B(1)(d) or (e) of the Bank of England Act 1998. ”
SCHEDULE 1 Bank of England Financial Policy Committee
Section 4 PART 1 Schedule to be inserted as Schedule 2A to Bank of England Act 1998 PART 2 Other amendments relating to Financial Policy Committee Bank of England Act 1998 (c. 11) 1 In section 4 of the Bank of England Act 1998 (annual report by Bank), in subsection (2), for the “and” at the end of paragraph (a) substitute— (aa) a report by the court of directors on the activities of the Financial Policy Committee of the Bank, and . 2 In section 15 of the Bank of England Act 1998 (publication of minutes of meetings of Monetary Policy Committee) after subsection (4) insert— (4A) The Bank shall exclude from minutes published under this section information which relates to proceedings of the Financial Policy Committee if the Bank considers that publication of that information would be against the public interest. 3 In section 40 of the Bank of England Act 1998 (orders), after subsection (4) insert— (4A) Section 9N contains its own provisions about parliamentary procedure in relation to an order under section 9L. House of Commons Disqualification Act 1975 (c. 24) 4 In Part 3 of Schedule 1 to the House of Commons Disqualification Act 1975 (other disqualifying offices), at the appropriate place insert— “ Member of the Financial Policy Committee of the Bank of England appointed under section 9B(1)(d) or (e) of the Bank of England Act 1998. ” Northern Ireland Assembly Disqualification Act 1975 (c. 25) 5 In Part 3 of Schedule 1 to the Northern Ireland Assembly Disqualification Act 1975 (other disqualifying offices), at the appropriate place insert— “ Member of the Financial Policy Committee of the Bank of England appointed under section 9B(1)(d) or (e) of the Bank of England Act 1998. ”
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