- Enforced by
- PRA
- Status
- Amended (in force with amendments)
- Penalty ceiling
- Prosecution 1 of 13 obligations carry an unlimited fine. 12 have no criminal penalty — flagged in the list below.
Does it bind you?
Business-side roles with duties under this instrument.
Any Person2
Trader1
Plus 10 duties on the regulator, Crown ministers and public bodies — folded into the section list below.
Other Acts binding the same actors
If a role above is yours, these are the other instruments that most often bind it.
Any Person — also bound by 2340 other Acts
Human Medicines Regulations 2012
184 duties
Merchant Shipping Act 1995
144 duties
Insolvency (England and Wales) Rules 2016
104 duties
Communications Act 2003
92 duties
Road Traffic Act 1988
92 duties
Trader — also bound by 825 other Acts
Value Added Tax Regulations 1995
416 duties
Companies Act 2006
243 duties
Companies Act 1985
85 duties
What it requires
Sections creating concrete business duties or carrying penalties, grouped as the instrument is structured. Titles link to the source text — blue means you’re leaving for legislation.gov.uk.
Part 1
Financial Stability
0 of 27 sections shown27 other sections in this Part — procedural and definitional
s.009
Financial stability strategy
s.009
Financial Policy Committee
s.009
Objectives of the Financial Policy Committee
s.009
Specification of matters relevant to economic policy
s.009
Recommendations by Treasury
s.009
Other general duties
s.009
Functions of the Financial Policy Committee
s.009
Directions to FCA or PRA requiring macro-prudential measures
s.009
Compliance with directions under section 9H
s.009
Revocation of directions under section 9H
s.009
Further provisions about directions under section 9H
s.009
Macro-prudential measures
s.009
Statements of policy by Financial Policy Committee
s.009
Parliamentary control of orders under section 9L
s.009
Making of recommendations within the Bank
s.009
Recommendations to Treasury
s.009
Recommendations to FCA and PRA
s.009
Recommendations to other persons
s.009
Duty to prepare explanation
s.009
Duty to review directions and recommendations
s.009
Publication of record of meetings
s.009
Deferred publication
s.009
Financial stability reports by Financial Policy Committee
s.009
Meetings between Governor and Chancellor of the Exchequer
s.009
Directions requiring information or documents
s.009
Further provisions about directions under section 9Y
s.009
Interpretation of Part 1A
Part 1
Constitution, regulation and financial arrangements
3 of 30 sections shown
s.007
Accounts. (opens in a new tab)
Regulated
Other duties (1) — Crown / regulator
- Bank of England must keep proper accounts and prepare annual financial statementsStatutory regulator
s.007
Accounts of Bank companies carrying on activities indemnified by Treasury
Regulated
- Comply with Treasury direction to send accounts to the Comptroller and include audit exemption statementTrader
s.007
Audit: role of Comptroller and Auditor General
Regulated
- Consult Comptroller and Auditor General on audit scope and planAny Person
27 other sections in this Part — procedural and definitional
s.001
Power to alter membership of court of directors
s.002
Financial Stability Objective
s.002
Macro-prudential measures: Article 458 of the capital requirements regulation
s.002
Financial Stability Committee
s.002
Financial Stability Committee: supplemental
s.003
Oversight functions of court of directors
s.003
Oversight Committee: procedure
s.003
Reviews
s.003
Publication of reports of performance reviews
s.003
Recommendations resulting from review
s.003
Oversight functions: further provisions
s.006
Bank of England levy
s.007
Accounts of companies wholly owned by the Bank
s.007
Reports on Bank activities indemnified by Treasury
s.007
Examination by Comptroller and Auditor General
s.007
Memorandum of understanding
s.007
Review by the Treasury
s.007
Right to obtain documents and information
s.007
Restriction on disclosing information
Part 2
Monetary Policy
0 of 11 sections shown11 other sections in this Part — procedural and definitional
Part 3
Prudential regulation
0 of 3 sections shown3 other sections in this Part — procedural and definitional
s.030
Prudential Regulation Committee
s.030
Recommendations by Treasury
s.030
Operational independence
Part 3
Central counterparties and central securities depositories
0 of 6 sections shown6 other sections in this Part — procedural and definitional
s.030
Exercise of functions relating to CCPs and CSDs
s.030
Regulatory principles
s.030
Financial Market Infrastructure Committee
s.030
Functions of the Financial Market Infrastructure Committee
s.030
Information
s.030
Recommendations by Treasury
Part 3
Transfer of supervisory functions of the Bank to the Financial Services Authority
0 of 10 sections shown10 other sections in this Part — procedural and definitional
Part 4
Miscellaneous and general
0 of 16 sections shown16 other sections in this Part — procedural and definitional
Schedules
Schedules
10 of 189 shown
s.sch002a
(1) If a member of the Committee (“M”) has any...
Regulated
Other duties (1) — Crown / regulator
- Bank of England must maintain conflict-of-interest code for its committeesStatutory regulator
s.sch002za
“Anticipated levy requirement”
Regulated
Other duties (1) — Crown / regulator
- Bank of England must determine and publish annual levy requirement for policy functionsStatutory regulator
s.sch002za
Payment of the levy
Regulated
Other duties (1) — Crown / regulator
- Bank of England must notify eligible institutions of levy detailsStatutory regulator
s.sch003
(1) If a member of the Committee (“M”) has any...
Regulated
Other duties (1) — Crown / regulator
- Committee members must disclose conflicts of interest; Bank must publish a code of practiceCrown / Minister / Government department
s.sch003
The Committee shall , at least 8 times in each...
Regulated
Other duties (1) — Crown / regulator
- Monetary Policy Committee must report to Bank's court of directors at least 8 times a yearStatutory regulator
s.sch006a
The chief executive of the Financial Conduct Authority must not...
Regulated
Other duties (1) — Crown / regulator
- FCA chief executive must not participate in PRA-specific Committee decisionsStatutory regulator
s.sch006a
(1) If a member of the Committee (“M”) has any...
Regulated
Other duties (1) — Crown / regulator
- Committee members must disclose conflicts of interestStatutory regulator
s.sch006a
At least once a year the Committee must make a...
Regulated
Other duties (1) — Crown / regulator
- Committee must report annually to Chancellor on PRA resources and independenceStatutory regulator
s.sch006a
Before appointing a person as a member of the Committee...
Regulated
Other duties (1) — Crown / regulator
- Chancellor must assess knowledge and conflicts before appointing Committee membersCrown / Minister / Government department
s.sch007
(1) Subject to sub-paragraph (2), information is restricted information for...
Prosecution
- Disclose restricted Bank of England information without consentAny Person
Unlimited fine
179 other schedules
s.sch001
(1) Appointment as Governor of the Bank shall be for...
s.sch001
The court may appoint such sub-committees as it thinks fit....
s.sch001
(1) The court may delegate such duties and powers as...
s.sch001
(1) The court shall meet at least 7 times in...
s.sch001
(1) The Bank must publish a record of each meeting...
s.sch001
(1) At a meeting of the court, the proceedings shall...
s.sch001
(A1) The remuneration of the Governor and Deputy Governors of...
s.sch001
A non-executive director of the Bank shall be entitled to...
s.sch001
(1) Appointment as non-executive director of the Bank shall be...
s.sch001
Court of directors
s.sch001
A person appointed as Governor, Deputy Governor or non-executive director...
s.sch001
(1) A person is disqualified for appointment as Governor, Deputy...
s.sch001
(1) The fact that a person has held office as...
s.sch001
(1) A person appointed as Governor or Deputy Governor of...
s.sch001
(1) The Bank may, with the consent of the Chancellor...
s.sch001
The court may act notwithstanding the existence of one or...
s.sch002
(1) Each deposit-taker is an eligible institution for the purposes...
s.sch002
Before making an order under this Schedule, the Treasury shall...
s.sch002
In exercising the power to make orders under paragraph 2(2)...
s.sch002
In this Schedule— “reference period”, in relation to a call...
s.sch002
(1) In its application to the first call notice to...
s.sch002
(1) For the purposes of this Schedule, the liability base...
s.sch002
(1) The Bank may give an eligible institution notice under...
s.sch002
(1) In the case of any call notice, the amount...
s.sch002
The Treasury may by order specify for the purposes of...
s.sch002
(1) Where the Bank has given an eligible institution a...
s.sch002
(1) The benchmark rate of interest for the purposes of...
s.sch002
The Treasury may by order amend or replace paragraph 7....
s.sch002
(1) The Bank may by notice in writing require an...
s.sch002a
(1) Appointment under section 9B(1)(d) or (e) as a member...
s.sch002a
(1) The Committee shall meet at least 4 times in...
s.sch002a
(1) At a meeting of the Committee, the proceedings are...
s.sch002a
The Committee may, in relation to sub-paragraph (2), (3), (4)...
s.sch002a
The Committee may invite other persons to attend, or to...
s.sch002a
(1) The Committee may take a decision on a matter...
s.sch002a
Subject to paragraphs 11, 14 and 15, the Committee is...
s.sch002a
(1) A person may not be appointed as a member...
s.sch002a
(1) If it appears to the Chancellor of the Exchequer...
s.sch002a
(1) A person appointed under section 9B(1)(d) or (e) may...
s.sch002a
The terms and conditions on which a person holds office...
s.sch002a
(1) The following persons are disqualified for appointment under section...
s.sch002a
A person appointed under section 9B(1)(d) or (e) vacates office...
s.sch002a
A person appointed under section 9B(1)(d) vacates office on ceasing...
s.sch002a
(1) The court of directors of the Bank may, with...
s.sch002za
“The levy”
s.sch002za
Regulations
s.sch002za
“Eligible institutions”
s.sch002za
“Levy year”
s.sch002za
Liability to pay the levy
s.sch002za
Recovery of the levy
s.sch002za
Interest
s.sch002za
Power to obtain information
s.sch003
Appointment as a member of the Committee under section 13(2)(b)...
s.sch003
(1) The Committee shall meet at least 8 times in...
s.sch003
(1) At a meeting of the Committee, the proceedings shall...
s.sch003
The Committee may, in relation to sub-paragraph (2), (3) or...
s.sch003
A representative of the Treasury may attend, and speak at,...
s.sch003
The Committee may invite other persons to attend, or to...
s.sch003
In Part III of Schedule 1 to the House of...
s.sch003
Monetary Policy Committee
s.sch003
A person may not be appointed as a member of...
s.sch003
(1) If it appears to the Chancellor of the Exchequer...
s.sch003
(1) A person appointed under section 13(2)(b) or (c) may...
s.sch003
Monetary Policy Committee
s.sch003
A person is disqualified for appointment under section 13(2)(b) or...
s.sch003
The following persons are disqualified for appointment under section 13(2)(c)—...
s.sch003
The fact that a person has held office under section...
s.sch003
A person appointed under section 13(2)(b) or (c) shall vacate...
s.sch003
A person appointed under section 13(2)(b) shall vacate office if...
s.sch003
(1) The court of directors of the Bank may, with...
s.sch004
(1) The transfer of functions by this Part shall not...
s.sch004
The transfer of functions by this Part shall be regarded...
s.sch004
(1) The Bank shall make a scheme under this paragraph...
s.sch004
(1) The property, rights and liabilities capable of being transferred...
s.sch004
(1) A scheme under paragraph 3 may also contain provision—...
s.sch004
(1) A scheme under paragraph 3 may make such supplemental,...
s.sch005
Transfer of functions: consequential amendments
s.sch005
Transfer of functions: consequential amendments
s.sch005
Transfer of functions: consequential amendments
s.sch005
Transfer of functions: consequential amendments
s.sch005
Transfer of functions: consequential amendments
s.sch005
Transfer of functions: consequential amendments
s.sch005
Transfer of functions: consequential amendments
s.sch005
Transfer of functions: consequential amendments
s.sch005
Transfer of functions: consequential amendments
s.sch005
Transfer of functions: consequential amendments
s.sch005
Transfer of functions: consequential amendments
s.sch005
Transfer of functions: consequential amendments
s.sch005
Transfer of functions: consequential amendments
s.sch005
Transfer of functions: consequential amendments
s.sch005
Transfer of functions: consequential amendments
s.sch005
Transfer of functions: consequential amendments
s.sch005
Transfer of functions: consequential amendments
s.sch005
Transfer of functions: consequential amendments
s.sch005
Transfer of functions: consequential amendments
s.sch005
Transfer of functions: consequential amendments
s.sch005
Transfer of functions: consequential amendments
s.sch005
Transfer of functions: consequential amendments
s.sch005
Transfer of functions: consequential amendments
s.sch005
Transfer of functions: consequential amendments
s.sch005
Transfer of functions: consequential amendments
s.sch005
Transfer of functions: consequential amendments
s.sch005
Transfer of functions: consequential amendments
s.sch005
Transfer of functions: consequential amendments
s.sch005
Transfer of functions: consequential amendments
s.sch005
In the Consumer Credit Act 1974, in section 16(3)(f), for...
s.sch005
In the Insolvency Act 1986, in section 422(1), for “Bank...
s.sch005
(1) Section 101 of the Building Societies Act 1986 is...
s.sch005
Transfer of functions: consequential amendments
s.sch005
Transfer of functions: consequential amendments
s.sch005
In the Insolvency (Northern Ireland) Order 1989, in Article 366,...
s.sch005
(1) The Courts and Legal Services Act 1990 is amended...
s.sch005
Transfer of functions: consequential amendments
s.sch005
(1) Section 32 of the Building Societies Act 1997 is...
s.sch005
Transfer of functions: consequential amendments
s.sch005
Transfer of functions: consequential amendments
s.sch005
The Companies Act 1989 is amended as follows.
s.sch005
Transfer of functions: consequential amendments
s.sch005
(1) Section 176 is amended as follows.
s.sch005
(1) The Companies (No. 2) (Northern Ireland) Order 1990 is...
s.sch005
Transfer of functions: consequential amendments
s.sch005
In article 93(3), for “and the Bank of England” there...
s.sch005
(1) Article 98 is amended as follows.
s.sch005
Transfer of functions: consequential amendments
s.sch005
Transfer of functions: consequential amendments
s.sch005
Transfer of functions: consequential amendments
s.sch005
Transfer of functions: consequential amendments
s.sch005
Transfer of functions: consequential amendments
s.sch005
Transfer of functions: consequential amendments
s.sch005
Transfer of functions: consequential amendments
s.sch005
Transfer of functions: consequential amendments
s.sch005
Transfer of functions: consequential amendments
s.sch005
In section 174(3A) of the Consumer Credit Act 1974—
s.sch005
Transfer of functions: consequential amendments
s.sch005
Transfer of functions: consequential amendments
s.sch005
Transfer of functions: consequential amendments
s.sch005
(1) The Building Societies Act 1986 is amended as follows....
s.sch005
Transfer of functions: consequential amendments
s.sch005
Transfer of functions: consequential amendments
s.sch005
Transfer of functions: consequential amendments
s.sch005
Transfer of functions: consequential amendments
s.sch005
(1) The Pension Schemes Act 1993 is amended as follows....
s.sch005
Transfer of functions: consequential amendments
s.sch005
(1) The Pension Schemes (Northern Ireland) Act 1993 is amended...
s.sch005
Transfer of functions: consequential amendments
s.sch005
In Article 105(1) of the Pensions (Northern Ireland) Order 1995,...
s.sch005
Transfer of functions: consequential amendments
s.sch005
Transfer of functions: consequential amendments
s.sch006
(1) Every application for authorisation under the Banking Act 1987...
s.sch006
(1) Before making regulations under paragraph 1, the Authority shall—...
s.sch006
Power to make regulations under paragraph 1 is exercisable by...
s.sch006
(1) Immediately after regulations under paragraph 1 are made they...
s.sch006
(1) The production of a printed copy of regulations purporting...
s.sch006a
In this Schedule— “ chief executive for prudential regulation ”...
s.sch006a
(1) Decisions of the Committee must be taken either—
s.sch006a
The Governor of the Bank or any Deputy Governor of...
s.sch006a
(1) At a meeting of the Committee, the proceedings are...
s.sch006a
(1) The Committee may determine circumstances in which a member...
s.sch006a
(1) The Committee may take a decision on a matter...
s.sch006a
(1) The Committee may delegate such of its functions as...
s.sch006a
(1) The Committee must, with the approval of the court...
s.sch006a
(1) Appointment as a member of the Committee under section...
s.sch006a
(1) A person may not be appointed as a member...
s.sch006a
(1) If it appears to the Chancellor of the Exchequer...
s.sch006a
(1) A person appointed under section 30A(2)(f) or (g) may...
s.sch006a
(1) The terms on which a person is appointed as...
s.sch006a
(1) The following persons are disqualified for appointment under section...
s.sch006a
(1) A person appointed under section 30A(2)(f) or (g) vacates...
s.sch007
(1) Paragraph 1 does not preclude the disclosure of information...
s.sch007
(1) Paragraph 1 does not preclude the disclosure by the...
s.sch007
(1) Paragraph 1 does not preclude the disclosure by any...
s.sch007
Paragraph 1 does not preclude the disclosure of information—
s.sch008
Transitional provisions and savings
s.sch008
Transitional provisions and savings
s.sch008
Transitional provisions and savings
s.sch008
Transitional provisions and savings
s.sch008
Transitional provisions and savings
s.sch008
If, before the day on which this Act comes into...
s.sch008
Transitional provisions and savings
Connected legislation
Instruments made under this Act. They carry the detail the Act delegates.
Duty extraction and severity labels are Guvnor’s analysis of the instrument, not the instrument itself. Always verify against the linked source text.