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Version date: 29 June 2023 - onwards
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Schedule 17A, Part 4 Fees (paras. 36-37)

Section 285A

36

(1) The Bank of England may, in connection with the discharge of any of its qualifying functions, require recognised clearing houses, third country central counterparties, recognised CSDs or settlement internalisers (as defined in point (11) of Article 2(1) of the CSD regulation) or third country central counterparties to pay fees to the Bank.

(2) The "qualifying functions" of the Bank are -

(a) its functions under or as a result of this Part of this Act,

(b) its functions under or as a result of a qualifying provision that is specified, or of a description specified, for the purposes of this sub-paragraph by the Treasury by order,

(ba) its functions under or as a result of regulations made under section 8 of the European Union (Withdrawal) Act 2018; and

(c) its functions under or as a result of Part 7 of the Companies Act 1989.

(3) The power of the Bank to set fees includes power to set fees for the purpose of meeting expenses incurred by it or the FCA -

(a) in prepara

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