Section 217(4)

The regulations may make other provision about backing assets; including, in particular— provision requiring a proportion of a bank's backing assets to consist of assets of a specified kind; provision about the manner in which backing assets may or must be held; provision about ownership of and interests in backing assets; provision permitting backing assets to be held by an agent of an authorised bank.

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Source: legislation.gov.uk · retrieved 2026-09-04