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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 16 December 2016 - onwards
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Article 17 Independent valuation

(1) Section 62A (independent valuer: valuation under section 6E or 48X) [Section 62A was inserted by S.I. 2014/3329.] is amended as follows.

(2) After subsection (1) insert -

"(1A) The Bank may require the bank to which the valuation relates to reimburse the Bank for costs it incurs in relation to the independent valuer (including remuneration and allowances paid to the valuer and the valuer’s staff).".

(3) In subsection (6) -

(a) for "Sections" substitute "Section";

(b) omit ", and 56".

Comparing proposed amendment...