(1) This Order may be cited as the Bank of England (Information Powers) Order 1998, and shall come into force on 1st June 1998.

(2) In this Order -

"the Act" means the Bank of England Act 1998;

"asset" includes property or rights of any kind, and includes any interest, whether direct or indirect, whether present or future, and whether vested or contingent, in any asset;

"liability" includes any liability whether conditional or unconditional, whether present or future, and whether vested or contingent;

"overseas undertaking" means any undertaking which is not a UK undertaking;

"parent undertaking" and "subsidiary undertaking" have the same meaning as in section 1162 of the Companies Act 2006, but as if the reference in section 1162(4)(a) of that Act to a "dominant influence" were a reference to a "significant influence";