(1) The Treasury may by regulations require the Bank of England to exercise a power under this Act to make rules in relation to a specified activity or a specified description of person.
(2) Regulations under this section may -
(a) specify matters that the rules must cover;
(b) specify a period within which the rules must be made.
(3) But except so far as permitted by subsection (2), regulations under this section may not require rules to be made -
(a) in a specified form or with specified content, or
(b) to achieve or advance a specified outcome.
(4) If no period is specified under subsection (2)(b) the rules must be made as soon as reasonably practicable after the coming into force of the regulations.