58 Duty of Bank to notify Treasury of possible need for public funds
Financial Services Act 2012 (2012 c 21) | Legislation

58  Duty of Bank to notify Treasury of possible need for public funds

(1)     Where it appears to the Bank of England that there is a material risk of circumstances within any of the following cases arising, the Bank must immediately notify the Treasury.

(2)     A notification under subsection (1) or section 59(2) is referred to in this Part as a “public funds notification”.

(3)     The first case is where the Treasury or the Secretary of State might

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