Legislation – Financial Services and Markets Act 2023
Changes to legislation:
There are currently no known outstanding effects for the Financial Services and Markets Act 2023, Section 71.
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PART 6Miscellaneous
Bank of England levy
71Bank of England levy: consequential amendments
(1)
The Bank of England Act 1998 is amended as follows in consequence of provision made by section 70.
(2)
In section 37 (restriction on disclosure of information), for “cash ratio deposit” substitute “Bank of England levy”
.
(3)
In section 38 (offences in relation to supplying information to the Bank), in each of subsections (1) and (3), for “paragraph 9 of Schedule 2” substitute “paragraph 9 of Schedule 2ZA”
.
(4)
In section 40 (orders)—
(a)
in subsection (2)—
(i)
after “section 17(4) or (5),” insert “or”
;
(ii)
omit “paragraph 1(2) or 5 of Schedule 2, or”;
(b)
in subsection (3) omit “paragraph 2(2) or 8 of Schedule 2,”.
(5)
(6)
In paragraph 1(1)(a), for “paragraph 9 of Schedule 2” substitute “paragraph 9 of Schedule 2ZA”
.
(7)
In paragraph 2(1)(c), for “Schedule 2” substitute “Schedule 2ZA”
.
(8)
In paragraph 5(a), for “Schedule 2 (payment in lieu of cash ratio deposit)” substitute “Schedule 2ZA (Bank of England levy)”
.