Bank of England and Financial Services Act 2016

(57A) (1) The Treasury may by notice in writing require the Bank of England to provide it with information specified, or of a description specified, in the notice. (2) The information must be information which the Treasury consider is material to the Bank's assessment of the implications for public funds of a bank, building society, credit union or investment firm failing. (3) The information must be provided before the end of such reasonable period as may be specified in the notice. (4) The Bank's duty to provide information under this section does not apply to information which the Bank does not have in its possession. (5) For the purposes of this section, the cases in which a bank, building society, credit union or investment firm (“the institution”) is to be regarded as failing include those where— (a) the institution enters insolvency, (b) any of the stabilisation options in Part 1 of the Banking Act 2009 is achieved in relation to the institution, or (c) the institution falls to be taken for the purposes of the Financial Services Compensation Scheme (within the meaning given by section 213 of FSMA 2000) to be unable, or likely to be unable, to satisfy claims against the institution. (6) In subsection (5)(a) “insolvency” includes— (a) bankruptcy; (b) liquidation; (c) bank insolvency; (d) building society insolvency; (e) investment bank insolvency; (f) administration; (g) bank administration; (h) building society special administration; (i) receivership; (j) a composition between the institution and the institution's creditors; (k) a scheme of arrangement of the institution's affairs. (7) For the purposes of this section— - “bank” has the meaning given by section 2 of the Banking Act 2009, - “bank administration” has the same meaning as in that Act (see section 136 of that Act), - “bank insolvency” has the same meaning as in that Act (see section 90 of that Act), - “building society”, “building society insolvency” and “building society special administration” have the same meaning as in the Building Societies Act 1986 (see section 119 of that Act), - “credit union” means a credit union as defined by section 31 of the Credit Unions Act 1979 or a credit union as defined by Article 2(2) of the Credit Unions (Northern Ireland) Order 1985, - “investment bank insolvency” means any procedure established by regulations under section 233 of the Banking Act 2009, - “investment firm” has the same meaning as in that Act (see section 258A of that Act), - “public funds” means the Consolidated Fund and any other account or source of money which cannot be drawn or spent other than by, or with the authority of, the Treasury, and an event has implications for public funds if it would or might involve or lead to a need for the application of public funds. (57B) (1) This section applies in relation to— (a) a resolution plan which includes one or more options for the exercise of a stabilisation power by the Bank of England in relation to an institution (“the institution”), and (b) a group resolution plan which includes one or more options for the exercise of a stabilisation power by the Bank of England in relation to a group entity (“the entity”). (2) Unless otherwise directed under subsection (5), before adopting the plan the Bank must provide the Treasury with— (a) a copy of the plan, (b) the Bank's assessment of the systemic risk of the institution or the entity failing, (c) the Bank's assessment of the implications for public funds— (i) of the exercise by the Bank of a stabilisation power in relation to the institution or the entity in accordance with the option (or each of the options) for the exercise of such a power included in the plan, and (ii) if the plan includes one or more options for the use of an insolvency or administration procedure in relation to the institution or the entity, of the use of such a procedure in accordance with that option (or each of those options), and (d) any analysis considered by the Bank (whether or not prepared by the Bank) to be material in making the assessments mentioned in paragraph (c). (3) Unless otherwise directed under subsection (5), the Bank must provide the Treasury with details of— (a) any material changes to the plan, before those changes are adopted, (b) any material changes to the Bank's assessments of the matters mentioned in subsection (2)(b) or (c), and (c) any further analysis considered by the Bank (whether or not prepared by the Bank) to be material to revising the assessments mentioned in subsection (2)(c). (4) Where reasonably practicable the Bank must comply with subsections (2) and (3) before the Bank exercises any of its powers under section 3A of the Banking Act 2009 in relation to the institution or the entity. (5) The Treasury may by notice in writing— (a) direct the Bank not to provide it under this section with information in relation to institutions or entities specified, or of a description specified, in the notice; (b) revoke a direction given under paragraph (a). (6) Where a direction given under subsection (5)(a) is revoked— (a) the Bank must provide the Treasury with the matters listed in subsection (2)(a) to (d) in relation to the institutions or entities to which the direction related as soon as reasonably practicable after the date of the revocation, and (b) subsection (3) applies in relation to those institutions or entities, but this is subject to any further direction under subsection (5)(a). (7) For the purposes of this section— - “failing” has the same meaning as in section 57A, - “insolvency or administration procedure” means— 1. bank insolvency, 2. building society insolvency, 3. investment bank insolvency, 4. bank administration, or 5. building society special administration, - “public funds” has the same meaning as in section 57A, - “systemic risk” means risk to the stability of the financial system in the United Kingdom or in other EEA states, and action has implications for public funds if it would or might involve or lead to a need for the application of public funds.

• (3) In section 65 (memorandum of understanding)—

• (a) in subsection (1), after “in relation to” insert—

(a) the sharing of information by the Bank about any proposals to include in a resolution plan or a group resolution plan an option for the exercise of a stabilisation power by the Bank in relation to an institution or group entity; (b)

;

• (b) in subsection (2), at the beginning insert “For the purposes of subsection (1)(b),”;

• (c) in the heading, after “understanding:” insert “resolution planning and”.

• (4) In section 67 (interpretation), after subsection (5) insert—

(6) Group entity” has the same meaning as in the Bank Recovery and Resolution (No. 2) Order 2014 (S.I. 2014/3348). (7) “Group resolution plan” means a group resolution plan drawn up by the Bank under Part 5 of that Order. (8) “Resolution plan” means a resolution plan drawn up by the Bank under Part 5 of that Order. (9) “Stabilisation power” has the same meaning as in section 1(4) of the Banking Act 2009.

Financial Services and Markets Act 2000 consequential amendments

Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001

37

• (1) The revocation of the Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001 (S.I. 2001/3649) by the National Savings Regulations 2015 (S.I. 2015/623) is to be treated as never having had effect.

• (2) Accordingly, in the Schedule to those regulations, omit the entry for that order.

PART 3 — Miscellaneous and general

Banknotes in Scotland and Northern Ireland

Banks authorised to issue banknotes in Scotland and Northern Ireland

38

• (1) The Banking Act 2009 is amended as follows.

• (2) In section 207(b) (overview of Part 6) for the words from “banks” to the end substitute “ authorised banks (see section 210). ”

• (3) In section 210 (authorised bank)—

• (a) the words from “a bank” to the end become paragraph (a);

• (b) at the end of that paragraph insert “ (unless by virtue of regulations under section 214A it is no longer an authorised bank for the purposes of this Part), or ”;

• (c) after that paragraph insert—

(b) a bank which is designated as an authorised bank for the purposes of this Part by regulations under section 214A(1)(a).

• (4) In section 213 (saving for existing issuers)—

• (a) the existing text becomes subsection (1);

• (b) in that subsection, after “bank” insert “ within section 210(a) ”;

• (c) after that subsection insert—

(2) An authorised bank within section 210(b) may issue banknotes, but only— (a) in accordance with the provisions of this Part, and (b) in the part of the United Kingdom which is specified in relation to the bank in regulations under section 214A(1)(b).

;

• (d) for the heading substitute “ Authorisation to issue banknotes ”.

• (5) After section 214 insert—

(214A) (1) The Treasury may by regulations— (a) specify a bank which on and after the designation date is designated as an authorised bank for the purposes of this Part, (b) specify a part of the United Kingdom in which the bank may issue banknotes, and (c) make provision about how the bank is to be identified on those banknotes. (2) Regulations under subsection (1)— (a) may only specify under paragraph (a) a bank (the newly authorised bank) which is in the same group as an authorised bank (the previously authorised bank) which has the right to rely on section 213; (b) may only specify under paragraph (b) the part of the United Kingdom in which the previously authorised bank is authorised to issue banknotes; (c) must procure that on and after the designation date the previously authorised bank is no longer an authorised bank for the purposes of this Part by— (i) in the case of a previously authorised bank within section 210(a), providing that it is no longer an authorised bank for the purposes of this Part; (ii) in the case of a previously authorised bank within section 210(b), revoking its designation; (d) must provide for the newly authorised bank to be treated as having issued any banknotes in circulation which were issued by the previously authorised bank; (e) must provide for the transfer of any rights or liabilities in relation to those banknotes to the newly authorised bank from the previously authorised bank; (f) may provide for anything done by or in relation to the previously authorised bank in connection with those banknotes to be treated as having been done by or in relation to the newly authorised bank for the purposes specified in the regulations; (g) may make further provision about banknotes issued by the previously authorised bank; (h) may make provision about banknotes held by or on behalf of the previously authorised bank which are not in circulation. (3) The reference in subsection (2)(d) and (g) to banknotes issued by the previously authorised bank includes a reference to banknotes which are to be treated as having been issued by that bank as a result of regulations made under subsection (1) (or any other enactment). (4) Regulations under subsection (1) must— (a) specify a date as the designation date, or (b) if no such date is specified, make provision for the designation date to be determined by the Treasury and published by the Treasury before the designation date in the appropriate Gazettes. (5) The appropriate Gazettes are the London Gazette and— (a) if the part of the United Kingdom specified under subsection (1)(b) is Scotland, the Edinburgh Gazette; (b) if the part of the United Kingdom specified under subsection (1)(b) is Northern Ireland, the Belfast Gazette. (6) Before specifying a bank under subsection (1)(a) the Treasury must obtain the consent of the Bank of England. (7) The Bank of England must prepare and publish a statement of the matters which it intends to take into account in deciding whether to give its consent. (8) The power to make regulations under this section— (a) is exercisable by statutory instrument; (b) includes a power to make transitory or saving provision; (c) includes a power to apply (with or without modifications) or disapply any provision of an Act or subordinate legislation whenever passed or made. (9) A statutory instrument containing regulations under this section may not be made unless a draft of the instrument has been laid before and approved by a resolution of each House of Parliament. (10) For the purposes of this section— - “bank” has the same meaning as in Part 1 (see section 2), - “designation date” in relation to regulations under subsection (1) means the date specified or determined, as the case may be, in accordance with subsection (4), - “group” has the meaning given by section 421 of the Financial Services and Markets Act 2000, and a banknote is in circulation from the time that it is issued by an authorised bank until the time that it is returned to the bank (or a bank which is treated as having issued it as a result of regulations made under subsection (1) or any other enactment).

• (6) In section 259(3) (statutory instruments), in Part 6 of the Table, before the entry relating to section 215 insert—

214A	Issuers of banknotes: Scotland and Northern Ireland	Draft affirmative resolution

General

Consequential provision

39

• (1) The Treasury or the Secretary of State may by regulations make the provision in subsection (2) in consequence of any provision made by or under this Act.

• (2) The provision referred to in subsection (1) is provision amending, repealing, revoking or applying with modifications any provision of primary or secondary legislation to which this section applies.

• (3) This section applies to primary and secondary legislation passed or made—

• (a) before the passing of this Act, or

• (b) on or before the last day of the session in which this Act is passed.

• (4) Regulations under this section—

• (a) may make saving, transitory or transitional provision;

• (b) may make different provision for different purposes.

• (5) The power to make regulations under this section is exercisable by statutory instrument.

• (6) A statutory instrument containing regulations under this section—

• (a) if it contains (whether alone or with other provision) provision which amends or repeals any provision of primary legislation, may not be made unless a draft of the instrument has been laid before, and approved by a resolution of, each House of Parliament, and

• (b) otherwise, is subject to annulment in pursuance of a resolution of either House of Parliament.

• (7) In this section—

• “primary legislation” means an Act, an Act of the Scottish Parliament, a Measure or Act of the National Assembly for Wales, or Northern Ireland legislation;

• “secondary legislation” means an instrument made under primary legislation.

Extent

40

• (1) Subject to subsection (2) this Act extends to England and Wales, Scotland and Northern Ireland.

• (2) An amendment or repeal made by this Act has the same extent as the provision amended or repealed.

Commencement

41

• (1) The following provisions come into force on the day on which this Act is passed—

• (a) section 31;

• (b) section 37;

• (c) sections 39 to 42.

• (2) Section 32 comes into force on such day as the Secretary of State may by regulations appoint.

• (3) The other provisions of this Act come into force on such day as the Treasury may by regulations appoint.

• (4) The Treasury or the Secretary of State may by regulations make saving, transitory or transitional provision in connection with the coming into force of any provision made by or under this Act.

• (5) Regulations under this section may make different provision for different purposes.

• (6) The power to make regulations under this section is exercisable by statutory instrument.

Short title

42

This Act may be cited as the Bank of England and Financial Services Act 2016.

SCHEDULE 1

SCHEDULE 2

PART 1 — Bank of England Act 1998

1

The Bank of England Act 1998 is amended as follows.

2

In section 2 (functions of court of directors), for subsection (5) substitute—

(5) Subsections (2) to (4) are subject to— (a) section 2A (Financial Stability Objective); (b) section 11 (objectives in relation to monetary policy); (c) Part 1A of the Financial Services and Markets Act 2000 (objectives and strategy of the Prudential Regulation Authority).

3

In section 2A(2) (financial stability objective) for “, the Financial Conduct Authority and the Prudential Regulation Authority)” substitute “ and the Financial Conduct Authority) ”.

4

• (1) Section 3A (oversight functions) is amended as follows.

• (2) In subsection (2)(a)—

• (a) in sub-paragraph (i), after “Act” insert “ , the objectives specified in relation to the Prudential Regulation Authority in Part 1A of the Financial Services and Markets Act 2000 ”;

• (b) omit the “and” at the end of sub-paragraph (ii);

• (c) for sub-paragraph (iii) substitute—

(iii) the Bank's strategy determined under section 2, (iv) the Bank's financial stability strategy determined under section 9A, and (v) the strategy of the Prudential Regulation Authority determined under section 2E of the Financial Services and Markets Act 2000;

.

• (3) In subsection (4) omit paragraphs (c) to (h).

5

• (1) Section 3C (reviews) is amended as follows.

• (2) In subsection (1)—

• (a) after “of its” insert “ oversight ”;

• (b) for “Oversight Committee” substitute “ court of directors ”;

• (c) in paragraphs (a) and (b) for “Committee” substitute “ court of directors ”.

• (3) In subsection (3)(a) for “by the Committee in the discharge of any of its” substitute “in relation to the discharge of any of the court's”.

• (4) Omit subsection (4).

• (5) In subsection (5) for “the Committee must have regard” substitute “ regard must be had ”.

6

In section 3D(1) (publication of reports of performance reviews) for “Oversight Committee” substitute “ court of directors ”.

7

In section 3E(2) (recommendations resulting from review) for “Oversight Committee” substitute “ court of directors ”.

8

• (1) Section 3F (oversight: further provisions) is amended as follows.

• (2) In subsection (1)—

• (a) for “Oversight Committee” substitute “ court of directors ”;

• (b) after “of its” insert “ oversight ”;

• (c) for “or the Monetary Policy Committee” substitute “ , the Monetary Policy Committee or the Prudential Regulation Committee ”.

• (3) In subsection (2)—

• (a) for “Oversight Committee” substitute “ court of directors ”;

• (b) for “or the Monetary Policy Committee” substitute “ , the Monetary Policy Committee or the Prudential Regulation Committee for the purposes of exercising its oversight functions ”.

• (4) After subsection (2) insert—

(2A) But a member of the court of directors who has any direct or indirect interest (including any reasonably likely future interest) in any dealing or business which falls to be considered by the Prudential Regulation Committee may not, under the powers conferred by this section— (a) obtain access to any documents relating to the dealing or business, or (b) attend any proceedings of the Prudential Regulation Committee relating to any question arising from its consideration of the dealing or business.

• (5) In subsection (3)—

• (a) in paragraph (a)—

• (i) after “Policy Committee” insert “ , the Monetary Policy Committee or the Prudential Regulation Committee ”;

• (ii) for “Oversight Committee” substitute “ court of directors ”;

• (b) omit the “or” at the end of paragraph (b);

• (c) at the end of paragraph (c) insert

, or (d) the powers of the Prudential Regulation Committee under paragraph 15(2) of Schedule 6A.

• (6) In the heading, for “Committee” substitute “ functions ”.

9

• (1) Section 4 (annual report by the Bank) is amended as follows.

• (2) For subsection (2)(a) substitute—

(a) a report by the court of directors on the matters which it reviews, monitors or otherwise considers in the performance of its oversight functions (as defined by section 3A(2)),

.

• (3) In subsection (2)(b)—

• (a) for “statement” substitute “ statements ”;

• (b) after “7(2)” insert “ and (2A) ”;

• (c) for “it” substitute “ them ”.

• (4) Omit subsection (3).

• (5) After subsection (6) insert—

(7) The Chancellor may comply with subsection (6) by laying a document containing a report under this section together with a report by the Prudential Regulation Authority under paragraph 19 of Schedule 1ZB to the Financial Services and Markets Act 2000.

10

Omit section 7A(9)(a) (definition of “qualifying company”).

11

In section 9B(4) (Financial Policy Committee) for “Oversight Committee” substitute “ court of directors of the Bank ”.

12

In section 9O (FPC recommendations within the Bank), after subsection (4) insert—

(5) Recommendations by the Committee to the PRA are to be made under section 9Q (and not under this section).

13

• (1) Section 9Y (directions requiring information or documents) is amended as follows.

• (2) In subsection (2) for “or the PRA (“the regulator”) requiring the regulator” substitute “ requiring it ”.

• (3) In subsection (3) for “regulator”, in each place it occurs, substitute “ FCA ”.

• (4) In subsection (4) omit—

• (a) the “and” at the end of paragraph (a);

• (b) paragraph (b).

• (5) In the italic heading before section 9Y, omit “or PRA”.

14

• (1) Section 9Z (further provisions about directions under section 9Y) is amended as follows.

• (2) In subsection (2)—

• (a) omit “or the PRA (“the regulator”)”;

• (b) for “regulator”, in the second place it occurs, substitute “ FCA ”.

• (3) In subsection (4), for “regulator to which it is given” substitute “ FCA ”.

15

In section 14 (publications of statements about decisions)—

• (a) in subsection (1) after “As soon as” insert “ reasonably ”;

• (b) in subsection (5) after “As soon as” insert “ reasonably ”.

16

• (1) Section 16 (functions of Oversight Committee) is amended as follows.

• (2) In subsection (1) for “Oversight Committee” substitute “ court of directors of the Bank ”.

• (3) In subsection (2) for “the function of the Oversight Committee” substitute “ the court's function ”.

• (4) In the heading, for “Oversight Committee” substitute “ court of directors ”.

17

In section 18(6) (reports) after “as soon as” insert “ reasonably ”.

18

In section 40(2) (orders) after “under—” insert— “ section 1A(1), ”.

19

• (1) Schedule 1 (court of directors) is amended as follows.

• (2) In paragraph 8(2) for “Chief Executive of the Prudential Regulation Authority” substitute “ chief executive for prudential regulation (see Schedule 6A) ”.

• (3) In paragraph 11(1), after paragraph (c) insert—

(d) a committee consisting of officers, employees or agents of the Bank.

20

• (1) Schedule 2A (Financial Policy Committee) is amended as follows.

• (2) In paragraph 5 for “Oversight Committee” substitute “ court of directors of the Bank ”.

• (3) In paragraph 6 for sub-paragraph (2) substitute—

(2) The following persons are disqualified for appointment under section 9B(1)(e)— (a) a member of the Monetary Policy Committee of the Bank appointed under section 13(2)(c); (b) a member of the Prudential Regulation Committee of the Bank appointed under section 30A(2)(g).

• (4) In paragraph 9—

• (a) in sub-paragraph (1) for “Oversight Committee” substitute “ court of directors of the Bank ”;

• (b) in sub-paragraph (2) for “Oversight Committee” substitute “ court of directors ”.

• (5) In paragraph 11—

• (a) in sub-paragraph (2)(b) for “either” substitute “ one ”;

• (b) omit sub-paragraph (8).

• (6) In paragraph 14—

• (a) the existing text becomes sub-paragraph (1);

• (b) after that sub-paragraph insert—

(2) The Bank must issue and maintain a code of practice describing how members of the Committee and the Committee are to comply with sub-paragraph (1). (3) The Bank may at any time revise or replace the code. (4) Before issuing, revising or replacing the code, the Bank must consult the Treasury. (5) The Bank must publish the current version of the code in whatever manner it sees fit. (6) The Committee must comply with the code when taking decisions under sub-paragraph (1)(b).

• (7) After paragraph 14 insert—

(15) (1) The Committee may take a decision on a matter without a meeting if— (a) a majority of eligible members indicate in writing their agreement to the decision, (b) the eligible members who indicate in writing their agreement to the decision would have constituted a quorum at a meeting of the Committee, and (c) any other requirements determined by the Committee are met. (2) “Eligible members” are members of the Committee who would have been entitled to vote on the matter if the matter had been proposed for decision at a meeting of the Committee. (16) Subject to paragraphs 11, 14 and 15, the Committee is to determine its own procedure.

21

• (1) Schedule 3 (Monetary Policy Committee) is amended as follows.

• (2) In paragraph 4(2) for “Oversight Committee” substitute “ court of directors of the Bank ”.

• (3) For paragraph 5A substitute—

(5A) The following persons are disqualified for appointment under section 13(2)(c)— (a) a member of the Financial Policy Committee of the Bank appointed under section 9B(1)(e); (b) a member of the Prudential Regulation Committee of the Bank appointed under section 30A(2)(g).

• (4) In paragraph 8—

• (a) for “have executive responsibility” substitute “ carry out monetary policy analysis ”;

• (b) omit the words from “for” to the end.

• (5) In paragraph 9(1)—

• (a) for “Oversight Committee” substitute “ court of directors of the Bank ”;

• (b) in paragraph (a) for “meetings of the Monetary Policy Committee for more than 3 months” substitute “ 3 or more meetings of the Monetary Policy Committee ”.

• (6) After paragraph 9(1) insert—

(1A) The court of directors may, with the consent of the Chancellor of the Exchequer, also remove a member appointed under section 13(2)(c) if it is satisfied that in all the circumstances his financial or other interests are such as substantially to affect the functions as member which it would be proper for him to discharge.

• (7) In paragraph 14 for “submit a monthly” substitute “ , at least 8 times in each calendar year, submit a ”.

22

• (1) Schedule 7 (restriction on disclosure of information) is amended as follows.

• (2) In paragraph 2(1)—

• (a) omit the “or” at the end of sub-paragraph (b);

• (b) at the end of sub-paragraph (c) insert

or (d) its functions as the Prudential Regulation Authority.

• (3) In paragraph 3(1), in column 1 of the table, in the entry for the Financial Conduct Authority or the Prudential Regulation Authority omit “or the Prudential Regulation Authority”.

PART 2 — Other Acts

Bank of England Act 1946 (c. 27)

23

In section 4(1) of the Bank of England Act 1946 (power of Treasury to give directions to the Bank)—

• (a) the words “monetary policy” become paragraph (a);

• (b) after that paragraph insert—

(b) the exercise by the Bank of its functions as the Prudential Regulation Authority (see section 2A of the Financial Services and Markets Act 2000).

House of Commons Disqualification Act 1975 (c. 24)

24

In Part 3 of Schedule 1 to the House of Commons Disqualification Act 1975 (other disqualifying offices)—

• (a) omit “Member of the governing body of the Prudential Regulation Authority;”;

• (b) at the appropriate place insert— “ Member of the Prudential Regulation Committee of the Bank of England appointed under section 30A(2)(f) or (g) of the Bank of England Act 1998 ”.

Northern Ireland Assembly Disqualification Act 1975 (c. 25)

25

In Part 3 of Schedule 1 to the Northern Ireland Assembly Disqualification Act 1975 (other disqualifying offices)—

• (a) omit “Member of the governing body of the Prudential Regulation Authority;”;

• (b) at the appropriate place insert— “ Member of the Prudential Regulation Committee of the Bank of England appointed under section 30A(2)(f) or (g) of the Bank of England Act 1998 ”.

Financial Services and Markets Act 2000 (c. 8)

26

The Financial Services and Markets Act 2000 is amended as follows.

27

Omit section 2O (independent reviews of PRA).

28

Omit section 2P (right to obtain documents etc for purposes of section 2O).

29

In section 3C (duty to follow principles of good governance), for “each regulator” substitute “ the FCA ”.

30

• (1) Section 3Q (co-operation by FCA and PRA with Bank of England) is amended as follows.

• (2) In the heading, omit “and PRA”.

• (3) In subsection (1), for “Each regulator” substitute “ The FCA ”.

• (4) In subsection (2), for “regulator” substitute “ FCA ”.

31

In section 3R(2) (arrangements for provision of services by and to Bank of England)—

• (a) for “Either regulator” substitute “ The FCA ”;

• (b) in paragraphs (a) and (b), for “regulator” substitute “ FCA ”.

32

After section 3S insert—

(3T) In this Part “enactment” includes— (a) an enactment contained in subordinate legislation within the meaning of the Interpretation Act 1978; (b) an enactment contained in, or in an instrument made under, an Act of the Scottish Parliament; (c) an enactment contained in, or in an instrument made under, a Measure or Act of the National Assembly for Wales; (d) an enactment contained in, or in an instrument made under, Northern Ireland legislation.

33

• (1) Section 137J (rules about recovery plans) is amended as follows.

• (2) In subsection (1), for paragraphs (a) and (b) substitute “ the Treasury ”.

• (3) After subsection (1) insert—

(1A) The FCA must also consult the Bank of England.

34

• (1) Section 137K (rules about resolution packs) is amended as follows.

• (2) In subsection (1), for paragraphs (a) and (b) substitute “ the Treasury ”.

• (3) After subsection (1) insert—

(1A) The FCA must also consult the Bank of England.

35

• (1) Section 138F (notification of rules) is amended as follows.

• (2) In subsection (1), for paragraphs (a) and (b) substitute “ to the Treasury ”.

• (3) After subsection (1) insert—

(1A) The FCA must also give written notice to the Bank of England.

• (4) In subsection (2) for “(1)(b)” substitute “ (1A) ”.

36

• (1) Section 165 (regulators' power to require information: authorised persons etc) is amended as follows.

• (2) In subsection (4)—

• (a) the words from “information” to the end become paragraph (a);

• (b) at the end of that paragraph (a) insert

, and (b) in relation to the exercise by the PRA of the powers conferred by subsections (1) and (3), information and documents reasonably required by the Bank of England in connection with the exercise by the Bank of its functions in pursuance of its financial stability objective.

• (3) After subsection (8) insert—

(8A) Financial stability objective” means the objective set out in section 2A of the Bank of England Act 1998.

37

• (1) Section 165A (PRA's power to require information: financial stability) is amended as follows.

• (2) In subsection (3)—

• (a) the words from “information” to the end become paragraph (a);

• (b) at the end of that paragraph (a) insert

, and (b) information and documents reasonably required by the Bank of England in connection with the exercise by the Bank of its functions in pursuance of its financial stability objective.

• (3) After subsection (7) insert—

(7A) Financial stability objective” means the objective set out in section 2A of the Bank of England Act 1998.

38

In section 187A(5A) (assessment: consultation by PRA with FCA) for “has been directed by the Bank of England under section 189(1A)” substitute “ is required by section 189(1ZB) ”.

39

• (1) Section 189 (assessment procedure) is amended as follows.

• (2) In subsection (1A), for “But where” substitute “ Where the appropriate regulator is the FCA and ”.

• (3) After subsection (1A) insert—

(1ZB) Where the appropriate regulator is the PRA and— (a) the section 178 notice relates to an acquisition or increase of control over a credit institution, investment firm or banking group company, and (b) the credit institution, investment firm or banking group company is one in relation to which the Bank of England is exercising its functions under sections 6A to 6C of the Banking Act 2009 or the special resolution regime under Part 1 of that Act, the PRA must act under this Part in a timely manner, and shorten the assessment period so far as reasonably practicable.

• (4) In subsection (1B)—

• (a) for “subsection (1A)” substitute “ subsections (1A) and (1ZB) ”;

• (b) omit the definition of “bank”;

• (c) in the definition of “banking group company” for “that Act” substitute “ the Banking Act 2009 ”.

40

In section 190(1A) (requests for further information), after “189(1A)” insert “ or section 189(1ZB) applies ”.

41

In section 192F(3) (consultation between regulators)—

• (a) for “either regulator” substitute “ the FCA ”;

• (b) for “the regulator” substitute “ it ”.

42

In section 192I(1)(a) (statement of policy relating to directions) after “regulator and” insert “ , where the issuing regulator is the FCA, ”.

43

In section 285A(3)(a) (which introduces Part 1 of Schedule 17A) for “and the PRA” substitute “ , and between the FCA and the PRA, ”.

44

In section 345A (PRA disciplinary measures) omit subsection (6).

45

• (1) Section 348 (restrictions on disclosure of confidential information) is amended as follows.

• (2) In subsection (5)(aa) for “PRA” substitute “ Bank of England ”.

• (3) At the end insert—

(8) In this section references to the Bank of England include the Bank acting in its capacity as the PRA.

46

• (1) Section 353A (restriction on disclosing information received from Bank) is amended as follows.

• (2) In subsection (1) for “A regulator” substitute “ The FCA ”.

• (3) In subsection (3) for the words from “the regulator” to the end substitute “ the FCA received the information from the Bank of England. ”

• (4) In subsection (4) for “regulator to which it disclosed the information” substitute “ FCA ”.

• (5) In subsection (6)—

• (a) omit paragraph (a);

• (b) in paragraph (d) for “regulator” substitute “ FCA ”.

• (6) In subsection (7)—

• (a) in the words before paragraph (a) for “a regulator” substitute “ the FCA ”;

• (b) in paragraphs (a)(i) and (b) for “regulator” substitute “ FCA ”.

• (7) In subsection (8)—

• (a) for “a regulator” substitute “ the FCA ”;

• (b) for “that regulator” substitute “ the FCA ”.

• (8) In subsection (9)—

• (a) for “Each regulator” substitute “ The FCA ”;

• (b) in paragraphs (b) and (c) for “regulator” substitute “ FCA ”.

• (9) After subsection (9) insert—

(10) In this section references to the Bank of England include the Bank acting in its capacity as the PRA.

47

In section 354B(2) (PRA's duty to co-operate) for the words from “Bank” to the end substitute “ FCA (but see section 3D) ”.

48

Omit section 354C (PRA's general duty to provide information to Bank).

49

In section 417(1) (definitions) after the definition of “authorised person” insert—

“Bank of England” is to be read in accordance with section 2A(4) to (6);

.

50

• (1) Schedule 1ZB (Prudential Regulation Authority) is amended as follows.

• (2) In the shoulder note, for “2A” substitute “ 2AB. ”

• (3) In paragraph 1—

• (a) omit the definition of “the Bank”;

• (b) for “2A(6)” substitute “ 2AB(3) ”.

• (4) Omit paragraphs 2 to 16 and 18.

• (5) In paragraph 19 (annual report)—

• (a) in sub-paragraph (1), in the words before paragraph (a), for “Treasury” substitute “ Chancellor of the Exchequer ”;

• (b) omit sub-paragraph (3)(a);

• (c) in sub-paragraph (4)—

• (i) for “Treasury” substitute “ Chancellor of the Exchequer ”;

• (ii) for “them” substitute “ the Chancellor ”;

• (d) after sub-paragraph (4) insert—

(5) The Chancellor may comply with sub-paragraph (4) by laying a document containing a report under this paragraph together with a report under section 4 of the Bank of England Act 1998.

• (6) Omit paragraphs 22 to 26.

• (7) In paragraph 31—

• (a) in sub-paragraph (2) for “2A(6)” substitute “ 2AB(3) ”;

• (b) in sub-paragraph (4) for “2A(6)(d)” substitute “ 2AB(3)(d) ”.

51

• (1) Schedule 17A (exercise of Part 18 functions by Bank of England) is amended as follows.

• (2) In paragraph 2(1) for “appropriate regulators” substitute “ FCA ”.

• (3) In paragraph 17—

• (a) in sub-paragraph (5), for the words from “the reference” to the end substitute “ subsection (1)(a) required consultation with the FCA. ”;

• (b) omit sub-paragraph (6)(b).

• (4) In paragraph 23—

• (a) the existing text becomes sub-paragraph (1);

• (b) after that sub-paragraph insert—

(2) Paragraph 9(2)(a) does not apply to the reference to the PRA in section 348(8).

• (5) In paragraph 35(3)—

• (a) at the end of paragraph (a) insert “ and ”;

• (b) omit paragraph (b).

Banking Act 2009 (c. 1)

52

The Banking Act 2009 is amended as follows.

53

In section 83ZZ (co-operation)—

• (a) at the end of paragraph (a) insert “ , and ”;

• (b) omit paragraph (b).

54

• (1) Section 83Z1 (delegation of enforcement functions) is amended as follows.

• (2) In subsection (1)—

• (a) for “appropriate regulator” substitute “ FCA ”;

• (b) for “that regulator” substitute “ the FCA ”.

• (3) Omit subsection (2)(b).

• (4) In subsection (3), for “appropriate regulator” substitute “ FCA ”.

55

In section 89L(2)(c)(i) (application of section 348 of Financial Services and Markets Act 2000) omit inserted paragraph (ca).

56

• (1) Section 96 (ground for applying for bank insolvency order) is amended as follows.

• (2) In subsection (2)(a) omit “the PRA has informed the Bank of England that”.

• (3) In subsection (3)(a), for the words from “has”, in the first place it occurs, to the end substitute “ is satisfied that Condition 2 in section 7 is met, and ”.

57

• (1) Section 108 (removal of bank liquidator by court) is amended as follows.

• (2) In subsection (2) omit “the Bank of England and”.

• (3) In subsection (3) omit “the PRA and”.

58

In section 117(2)(a) (consents required for making of bank insolvency order) omit “the Bank of England and”.

59

• (1) In section 129A (modifications for banks not regulated by PRA), the table in subsection (2) is amended as follows.

• (2) In the entry for section 96, in column 2, for paragraphs (a) and (b) substitute—

(a) Read subsection (2)(a) as “the FCA has informed the Bank of England that the FCA is satisfied that Condition 1 in section 7 is met,”. (b) Treat the references to the PRA in subsection (3) as references to the FCA. (ba) Read subsection (3)(a) as “the Bank of England—(i) has informed the FCA that it is satisfied that Condition 2 in section 7 is met, and (ii) has consented to the application,”.

• (3) In the entry for section 108, in column 2—

• (a) for paragraph (b) substitute—

(b) Treat the reference in subsection (2) to the FCA as a reference to the Bank of England.

;

• (b) omit paragraph (c).

• (4) In the entry for section 117, in column 2, for paragraph (b) substitute—

(b) Treat the reference in subsection (2) to the FCA as a reference to the Bank of England.

60

Omit section 204(4)(ba) (Bank may disclose information to PRA).

61

Omit section 246(2)(b) (Bank may disclose information to PRA).

62

Before section 257 insert—

(256B) (1) In this Act references to the Bank of England do not include the Bank acting in its capacity as the Prudential Regulation Authority. (2) For the interpretation of references to the Prudential Regulation Authority, see section 2A of the Financial Services and Markets Act 2000.

63

In section 261 (index of defined terms), at the appropriate places in the table insert—

Bank of England	256B
Prudential Regulation Authority	256B
---	---

Financial Services Act 2012 (c. 21)

64

The Financial Services Act 2012 is amended as follows.

65

In section 85(8) (definition of relevant functions) for “2A(6)” substitute “ 2AB(3) ”.

66

• (1) Section 117 (interpretation) is amended as follows.

• (2) In subsection (2), in the definition of “the PRA”, at the end insert “ (and see section 2A of the Financial Services and Markets Act 2000 for the interpretation of references to the Prudential Regulation Authority) ”.

• (3) After subsection (2) insert—

(2A) In this Act references to the Bank of England do not include the Bank acting in its capacity as the PRA.

Financial Services (Banking Reform) Act 2013 (c. 33)

67

In section 98(5)(d) of the Financial Services (Banking Reform) Act 2013 (definition of relevant functions), for “2A(6)” substitute “ 2AB(3) ”.

Repeals

68

The following provisions are repealed.

SCHEDULE 3

Interpretation

1

In this Schedule—

• “the Bank” means the Bank of England;

• “the company” means the body corporate originally incorporated as the Prudential Regulation Authority Limited and renamed as the Prudential Regulation Authority by section 2A of the Financial Services and Markets Act 2000 (as it had effect before section 12 came into force);

• “enactment” has the same meaning as in Part 1A of that Act (see section 3T);

• “transferred function” means a function transferred from the company to the Bank by virtue of section 12;

• “transferred property” means any property, right or liability transferred from the company to the Bank by virtue of section 15.

Saving for orders under section 2A(6)(d) of the Financial Services and Markets Act 2000

2

An order made under section 2A(6)(d) of the Financial Services and Markets Act 2000 before section 12 of this Act comes into force—

• (a) is not revoked by virtue of section 12 coming into force, and

• (b) may be amended or revoked as if made under section 2AB(3)(d) of the Financial Services and Markets Act 2000 (inserted by section 12).

Prudential regulation strategy

3

• (1) Sub-paragraph (2) applies to the strategy determined by the company under section 2E of the Financial Services and Markets Act 2000 which is in effect immediately before section 12 comes into force.

• (2) After section 12 comes into force the strategy is to continue to have effect, and is to be treated as having been determined under section 2E of that Act by the Bank in its capacity as the Prudential Regulation Authority.

Prudential regulation budget

4

• (1) Sub-paragraph (2) applies to the budget adopted by the company under paragraph 18 of Schedule 1ZB to the Financial Services and Markets Act 2000 for the financial year in which section 12 comes into force.

• (2) After section 12 comes into force the budget is to be treated as the budget for the Bank's functions as the Prudential Regulation Authority for the financial year to which it relates, adopted by the Prudential Regulation Committee of the Bank under paragraph 18 of Schedule 6A to the Bank of England Act 1998.

Annual report

5

• (1) Sub-paragraphs (2) and (3) apply to the first report under paragraph 19 of Schedule 1ZB to the Financial Services and Markets Act 2000 made by the Bank in its capacity as the Prudential Regulation Authority.

• (2) The report must be made not later than a year after the last report made under that paragraph by the company.

• (3) If section 12 came into force during the period to which the report relates (“the reporting period”), the report must deal with things done by the company during the reporting period before that section came into force (as well as things done by the Bank in its capacity as the Prudential Regulation Authority after that section came into force).

Information

6

• (1) The company may disclose to the Bank any information which the company considers that it is necessary or expedient to disclose to the Bank in preparation for the commencement of section 12.

• (2) Section 348 of the Financial Services and Markets Act 2000 (restrictions on disclosure of confidential information) has effect subject to sub-paragraph (1).

Corporation tax: intangible assets

7

• (1) This paragraph applies for the purposes of Part 8 of the Corporation Tax Act 2009.

• (2) Expressions used in this paragraph have the same meaning as in that Part.

• (3) The transfer of a chargeable intangible asset is a tax-neutral transfer.

• (4) An intangible fixed asset which is a pre-FA 2002 asset of the company at the time of the transfer is to be treated, on and after the transfer, as a pre-FA 2002 asset of the Bank.

• (5) “Transfer” means a transfer from the company to the Bank by virtue of section 15.

Construction of enactments

8

• (1) Section 2A(1) and (3) of the Financial Services and Markets Act 2000 (meaning of “Prudential Regulation Authority”) does not apply to an enactment if and to the extent that the enactment makes provision about a time before section 12 came into force.

• (2) In relation to such a time references to the Prudential Regulation Authority are to the company.

Construction of other documents

9

• (1) Sub-paragraph (2) applies to any provision in a document other than an enactment that—

• (a) relates to a transferred function and is in effect immediately before the function is transferred, or

• (b) relates to transferred property and is in effect immediately before the property is transferred.

• (2) After the function or the property is transferred, any references in the provision (however expressed)—

• (a) to or including the company, or

• (b) having effect as references to or including the company,

are to be read, so far as is appropriate in consequence of the transfer, as to or including the Bank in its capacity as the Prudential Regulation Authority.

Continuity: general provision

10

• (1) The transfer of functions from the company to the Bank by virtue of section 12 does not affect the validity of anything done (or having effect as if done) by or in relation to the company before that section comes into force.

• (2) The transfer of property, rights and liabilities from the company to the Bank by virtue of section 15 does not affect the validity of anything done (or having effect as if done) by or in relation to the company before that section comes into force.

11

• (1) Sub-paragraph (2) applies to anything that—

• (a) is done (or has effect as if done) by or in relation to the company for the purposes of, or otherwise in connection with, a transferred function or transferred property, and

• (b) is in effect immediately before the function or property is transferred.

• (2) Anything to which this sub-paragraph applies is to be treated, so far as is appropriate in consequence of the transfer, as done by or in relation to the Bank, in its capacity as the Prudential Regulation Authority.

12

There may be continued by or in relation to the Bank, in its capacity as the Prudential Regulation Authority, anything (including legal proceedings) that—

• (a) relates to a transferred function or transferred property, and

• (b) is in the process of being done by or in relation to the company immediately before the function or property is transferred.

SCHEDULE 4

Amendments of Financial Services and Markets Act 2000

1

The Financial Services and Markets Act 2000 is amended as follows.

2

• (1) Section 59 (approval for particular arrangements) is amended as follows.

• (2) For subsection (6A) substitute—

(6A) If the FCA is satisfied that a function of a description specified in rules made by the FCA under subsection (3)(a) or (b) is a senior management function as defined in section 59ZA, the FCA must designate the function in the rules as a senior management function.

• (3) Omit subsections (6B) and (6C).

3

After section 59ZA insert—

(59ZB) For the purposes of this Part the following are “designated senior management functions”— (a) a function of a description specified in rules made by the FCA under section 59(3)(a) or (b) which is designated as a senior management function by the FCA under section 59(6A); (b) a function of a description specified in rules made by the PRA under section 59(3)(a).

4

• (1) Section 60 (applications for approval) is amended as follows.

• (2) In subsection (2A), omit—

• (a) the “and” at the end of paragraph (a);

• (b) paragraph (b).

• (3) Omit subsection (2C).

• (4) Omit subsection (6A).

5

• (1) Section 60A (vetting of candidates by relevant authorised persons) is amended as follows.

• (2) In the heading omit “relevant”.

• (3) In subsection (1) for “a relevant” substitute “ an ”.

• (4) Omit subsection (3).

6

• (1) Section 61 (determination of applications) is amended as follows.

• (2) In subsection (1)(b), omit from “in relation” to “ “relevant senior” and insert “(a “ senior ”.

• (3) In subsections (2B) and (3ZA) omit “relevant”.

• (4) Omit subsections (6) and (7).

7

In section 62A(4) (changes in responsibilities of senior managers - definitions) omit the definition of “designated senior management function”.

8

In section 63(2A) (authorised person's duty to review approvals)—

• (a) omit “relevant” in the first place it occurs;

• (b) omit the words after paragraph (b).

9

In the heading of section 63ZA (variation of senior manager's approval at request of relevant authorised person) omit “relevant”.

10

• (1) Section 63ZB (variation of senior manager's approval on initiative of regulator) is amended as follows.

• (2) In subsection (1), for “a relevant” substitute “ an ”.

• (3) In subsection (2)—

• (a) for “a relevant” substitute “ an ”;

• (b) in paragraph (a)(ii) omit “relevant”.

• (4) Omit subsections (5) and (6).

11

• (1) Section 63E (certification of employees by relevant authorised persons) is amended as follows.

• (2) In the heading omit “relevant”.

• (3) In subsection (1), for “A relevant” substitute “ An ”.

• (4) In subsection (3) for “a relevant”, in each place it occurs, substitute “ an ”.

• (5) In subsection (4) omit “relevant” in each place it occurs.

• (6) In subsection (6)(b) omit “relevant”.

• (7) In subsection (8) omit the definition of “relevant PRA-authorised person”.

• (8) Omit subsection (10).

12

• (1) Section 63F (issuing of certificates) is amended as follows.

• (2) In subsection (1) for “A relevant” substitute “ An ”.

• (3) In subsection (2) omit “relevant”.

• (4) In subsection (4) for “a relevant” substitute “ an ”.

• (5) In subsection (6) for “a relevant” substitute “ an ”.

• (6) In subsection (7) for “A relevant” substitute “ An ”.

13

• (1) Section 64A (rules of conduct) is amended as follows.

• (2) In subsection (1)(b), for the words from “relevant” to the end substitute “ authorised persons ”.

• (3) In subsection (2)(c) omit “relevant”.

• (4) In subsection (3) omit the definition of “relevant PRA-authorised person”.

14

• (1) Section 64B (conduct rules) is amended as follows.

• (2) In the heading omit “relevant”.

• (3) In subsection (2) omit “relevant” in the first place it occurs.

• (4) In subsection (3) for “a relevant” substitute “ an ”.

• (5) Omit subsection (7).

15

• (1) Section 64C (requirement to notify regulator of disciplinary action) is amended as follows.

• (2) In the heading omit “relevant”.

• (3) In subsection (1)—

• (a) in paragraph (a) for “a relevant”, in the first place it occurs, substitute “ an ”;

• (b) in the words after paragraph (b) omit “relevant”.

• (4) In subsection (3)—

• (a) in paragraph (a) omit “relevant authorised persons that are”;

• (b) in paragraph (b) omit “relevant”.

• (5) Omit subsection (5).

16

• (1) Section 66A (misconduct: action by FCA) is amended as follows.

• (2) In subsection (2)(b)(ii) for “a relevant” substitute “ an ”.

• (3) In subsection (3)(b)(ii) omit “in the case of a relevant authorised person,”.

• (4) In subsection (5)(a) for “a relevant” substitute “ an ”.

• (5) In subsection (7)—

• (a) in the definition of “senior manager”, for “a relevant” substitute “ an ”;

• (b) omit the definition of “designated senior management function”.

• (6) Omit subsection (9).

17

• (1) Section 66B (misconduct: action by PRA) is amended as follows.

• (2) In subsection (2)(b)(ii) omit “relevant”.

• (3) In subsection (3)(b), for sub-paragraph (ii) substitute—

(ii) an employee of the PRA-authorised person

.

• (4) In subsection (5)(a) omit “relevant”.

• (5) In subsection (7)—

• (a) in the definition of “senior manager”, omit “relevant”;

• (b) omit the definition of “designated senior management function”.

• (6) In subsection (8) omit the definition of “relevant PRA-authorised person”.

• (7) Omit subsection (9).

18

Omit section 71A (meaning of “relevant authorised person”).

19

• (1) Section 347 (record of authorised persons etc) is amended as follows.

• (2) In subsection (2)—

• (a) in paragraph (g)(iv), omit “in a case where the authorised person concerned is a relevant authorised person,”;

• (b) in paragraph (h) for “a relevant” substitute “ an ”.

• (3) In subsection (8A)—

• (a) omit the definition of “relevant authorised person”;

• (b) in the definition of “senior manager”, for “a relevant” substitute “ an ”;

• (c) in the definition of “designated senior management function”, for the words from “means” to the end substitute “ has the meaning given by section 59ZB. ”

20

In section 415B(5) (consultation in relation to enforcement action), in the definition of “relevant senior management function”, for the words from “has been” to the end substitute “ is a designated senior management function as defined by section 59ZB). ”

21

In section 429(1)(a) (orders subject to affirmative resolution procedure) omit “71A(4),”.

Consequential amendments of Financial Services (Banking Reform) Act 2013

22

• (1) The Financial Services (Banking Reform) Act 2013 is amended as follows.

• (2) Omit section 18(4) (which inserts the subsections substituted or omitted by paragraph 2).

• (3) Omit section 20(3) (which inserts the subsection omitted by paragraph 4(4)).

• (4) Omit section 23(6) (which inserts the subsections omitted by paragraph 6(4)).

• (5) Omit section 33 (which inserts the section omitted by paragraph 18).

• (6) For section 37(8) (interpretation) substitute—

(8) Senior management function” means— (a) a function of a description specified in rules made by the FCA under section 59(3)(a) or (b) of FSMA 2000 which is designated as a senior management function by the FCA under section 59(6A) of that Act; (b) a function of a description specified in rules made by the PRA under section 59(3)(a) of that Act.

• (7) Omit section 136(2)(a) (which inserts the words omitted by paragraph 21).

Term of office of non-executive directors

Functions of non-executive directors

Financial Policy Committee: status and membership

Monetary Policy Committee: membership

Monetary Policy Committee: procedure

Activities indemnified by Treasury

Accounts relating to Bank's functions as Prudential Regulation Authority

Amendments relating to Part 1

Treasury recommendations to Financial Conduct Authority

Misconduct

Administration of senior managers regime

Rules of conduct

Misconduct

Enforceability of agreements relating to credit

Illegal money lending

Transformer vehicles

Pensions guidance

Advice about transferring or otherwise dealing with annuity payments

Independent advice on conversions and transfers of pension benefits: appointed representatives

Early exit pension charges

Duty of Bank to provide information to Treasury

Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001

Banks authorised to issue banknotes in Scotland and Northern Ireland

Extent

Bank of England Act 1946 (c. 27)

House of Commons Disqualification Act 1975 (c. 24)

Northern Ireland Assembly Disqualification Act 1975 (c. 25)

Financial Services and Markets Act 2000 (c. 8)

Banking Act 2009 (c. 1)

Financial Services Act 2012 (c. 21)

Financial Services (Banking Reform) Act 2013 (c. 33)

Repeals

Interpretation

Saving for orders under section 2A(6)(d) of the Financial Services and Markets Act 2000

Prudential regulation strategy

Prudential regulation budget

Annual report

Information

Corporation tax: intangible assets

Construction of enactments

Construction of other documents

Continuity: general provision

Amendments of Financial Services and Markets Act 2000

Consequential amendments of Financial Services (Banking Reform) Act 2013

Editorial notes