(1) The Financial Services Act 2012 is amended as follows.
(2) Before section 58 insert -
“57A Duty of Bank to provide information required by Treasury
(1) The Treasury may by notice in writing require the Bank of England to provide it with information specified, or of a description specified, in the notice.
(2) The information must be information which the Treasury consider is material to the Bank’s assessment of the implications for public funds of a bank, building society, credit union or investment firm failing.
(3) The information must be provided before the end of such reasonable period as may be specified in the notice.
(4) The Bank’s duty to provide information under this section does not apply to information which the Bank does not have in its possession.
(5) For the purposes of this section, the cases in which a bank, building society, credit union or investment firm (“the institution”) is to be regarded as failing include those where -
(a) the institution enters in
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