[57A Duty of Bank to provide information required by Treasury]
Financial Services Act 2012 (2012 c 21) | Legislation

Part 4 Collaboration Between Treasury and Bank of England, FCA or PRA

[57A  Duty of Bank to provide information required by Treasury]

[(1)     The Treasury may by notice in writing require the Bank of England to provide it with information specified, or of a description specified, in the notice.

(2)     The information must be information which the Treasury consider is material to the Bank's assessment of the implications for public funds of a bank, building society, credit union[, recognised central counterparty] or investment firm failing.

(3)     The information must be provided before the end of such reasonable period as may be specified in the notice.

(4)     The Bank's duty to provide information under this section does

Powered by Lexis+®
 

Popular documents

LEXISNEXIS

Specific performance of property agreements

If a party to a property agreement fails to comply with its obligations, the other party may wish to apply for an order for specific performance. Specific performance is an equitable, discretionary remedy which, if granted, compels a party to perform a contractual obligation. This Practice Note

LEXISNEXIS

Codicils

CodicilsCodicils may be used for making any alteration in a Will such as to alter the executors or make changes in legacies, whether by addition or deletion but that is by no means their only use. As a general rule, substantial changes are best achieved by means of a new Will and codicils are more

LEXISNEXIS

Repudiation

RepudiationThis Practice Note concerns repudiation and sets out what a repudiatory breach of contract means. It explains how a repudiatory breach goes to the core of the contract and the options or remedies available to an innocent party as a result of the other party’s repudiation, which include

LEXISNEXIS

What happens when a client receives a custodial sentence?

What happens when a client receives a custodial sentence?This Practice Note reflects the procedural code for sentencing offenders in England and Wales (Sentencing Code) that applies from 1 December 2020, as set out in Parts 2–13 of the Sentencing Act 2020 (SA 2020). For those considering whether the