Moved by
Lord Eatwell
1: Before Clause 1, insert the following new Clause—
“The Bank: definition
(1) For the purpose of this Act, “the Bank” has the same meaning as in section 41 of the Bank of England Act 1998 (general interpretation).
(2) In section 41 of the Bank of England Act 1998—
(a) For “In this Act” substitute “For the purposes of this Act”; and
(b) After “England;” insert “for the purpose of this Act, powers delegated to “the Bank” may be exercised by, or be limited to, any or all of—
(i) the staff of the Bank of England,
(ii) The court of directors,
(iii) The committees of the court of directors,
(iv) The Governor,
(v) the Deputy Governors,
(vi) the executive staff; and”.”