Section 3B(1)

A direction given to a relevant person under section 3A must be accompanied by a notice which— states when the direction takes effect (see subsections (2) and (3)), gives the Bank of England’s reasons for giving the direction, and, specifies a reasonable period within which the relevant person may make representations to the Bank about the direction.

← 3B · All articles · 2 →

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