Section 6D(2)

Where the Bank of England makes one or more mandatory reduction instruments in respect of a bank, the Bank must, on request by the Treasury, report to the Chancellor of the Exchequer about— the exercise of the power to make a mandatory reduction instrument, the activities of the bank, and any other matters in relation to the bank that the Treasury may specify.

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