(1) The Bank of England has immunity in its capacity as a monetary authority.
(2) In this section -
(a) a reference to the Bank of England is a reference to the Bank and anyone who acts or purports to act as a director, officer, employee or agent of the Bank,
(b) "immunity" means immunity from liability in damages in respect of action or inaction, and
(c) a reference to the Bank's capacity as a monetary authority includes a reference to the exercise or purported exercise of the Bank's functions under the Financial Services and Markets Act 2000, of its functions under, or as a result of regulations made under, the Financial Services and Markets Act 2023, of its functions under or as a result of regulations made under section 8 of the European Union (Withdrawal) Act 2018, of its functions under or in connection with this Act or as a resolution authority for the purposes of the recovery and resolution directive, of its other regulatory functions or of functions undertaken by the Bank for
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