Remedy
Start free

Section 12: Treasury directions to Bank of England: restrictions

Financial Services and Markets Act 2023 · 2023 c. 29View on legislation.gov.uk

Part 1: Regulatory framework — CHAPTER 2: New regulatory powers

Section 4 of the Bank of England Act 1946 (Treasury directions to the Bank) is amended as follows.

In subsection (1), after paragraph (b) insert—

(c)the exercise by the Bank of its functions under any enactment in relation to the following bodies— (i) recognised central counterparties; (ii) recognised CSDs; (iii) third country central counterparties; (iv) third country CSDs.

After subsection (1) insert—

(2A)Expressions used in subsection (1)(c) have the same meaning as in section 285 of the Financial Services and Markets Act 2000 (exemption for recognised bodies etc).

About this text

This legislation text comes from legislation.gov.uk. Contains public sector information licensed under the Open Government Licence v3.0. These source and reuse terms cover the legislation text, not Remedy's commentary.

Reuse reviewed 21 August 2026 under Open Government Licence v3.0.