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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 March 2017 - onwards
  Version 3 of 3    

3A. Oversight functions of court of directors

(1) [deleted]

(2) The oversight functions of the court of directors are -

(a) keeping under review the Bank's performance in relation to -

(i) the Bank's objectives (that is, the objectives specified in relation to it in this Act, the objectives specified in relation to the Prudential Regulation Authority in Part 1A of the Financial Services and Markets Act 2000 and the other objectives for the time being determined by the court of directors of the Bank),

(ii) the duty of the Financial Policy Committee under section 9C,

(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;

(b) monitoring the extent to which the objectives set by the court of directors of the Bank in relation to the Bank's financial management have been met;

(c) keeping under review the internal financial contro

Comparing proposed amendment...