Date-stamp loading
Version status: Partly in force | Document consolidation status: Updated to reflect all known changes
Version date: 1 January 2024 - 31 December 2024
  Version 2 of 3  

30E. Regulatory principles

(1) These are the regulatory principles referred to in section 30D(1)(a) -

(a) the need to use the resources of the Bank in the most efficient and economic way;

(b) the principle that a burden or restriction which is imposed on a person, or on the carrying on of an activity, should be proportionate to the benefits, considered in general terms, which are expected to result from the imposition of that burden or restriction;

(c) the desirability of sustainable growth in the economy of the United Kingdom in the medium or long term, including in a way consistent with contributing towards achieving compliance by the Secretary of State with section 1 of the Climate Change Act 2008 (UK net zero emissions target) and section 5 of the Environment Act 2021 (environmental targets) where the Bank considers the exercise of its FMI functions to be relevant to the making of such a contribution;

(d) the general principle that consumers should take responsibility for their decisions;

(e) the responsibil

Comparing proposed amendment...