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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 9 April 1997 - onwards
  Version 2 of 2    

20. Electronic settlement of accounts.

Notwithstanding anything to the contrary contained in any enactment relating to settlement or other accounts held at the Bank, all payment instructions and authorisations to and from the Bank shall be effective if made through a computerised system established by the Bank or in any other electronic form and not otherwise recorded within the Bank (without the need for an instrument in writing).

Comparing proposed amendment...