Section 5 — Financial stability strategy

This version in force from 2016-07-06

Snapshot: 2026-08-24

Reproduced from legislation.gov.uk (Crown Copyright, Open Government Licence v3.0). Amendments made after 2026-08-24 may not be reflected — always check the official text .

(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.