(1) The Financial Policy Committee may make recommendations within the Bank.

(2) The recommendations may, in particular, relate to -

(a) the provision by the Bank of financial assistance to financial institutions;

(b) the exercise by the Bank of its functions in relation to payment systems, settlement systems, clearing houses and central securities depositories.

(3) The Committee may not make recommendations about -

(a) the provision by the Bank of financial assistance in relation to a particular financial institution, or

(b) the exercise by the Bank of its powers under Parts 1 to 3 of the Banking Act 2009 or Schedule 11 to the Financial Services and Markets Act 2023 in relation to a particular institution.

(4) The recommendations must be made or confirmed in writing.