Section 83ZB

This section applies where the Bank of England has required or could require a person to whom subsection (2) applies (“the person concerned”) to provide information or produce documents with respect to any matter (“the matter concerned”) under section 83ZA. This subsection applies to— who is, or was at the relevant time, carrying on a business. a bank (“B”), a member of B’s group, a partnership of which B is a member, or a person who has at any relevant time been a person falling within paragraph (a), (b) or (c), The Bank of England may either— by notice in writing given to the person concerned, require that person to provide the Bank with a report on the matter concerned, or itself appoint a person to provide the Bank with a report on the matter concerned. When acting under subsection (3)(a), the Bank may require the report to be in such form as may be specified in the notice. The Bank must give notice of an appointment under subsection (3)(b) to the person concerned. The person appointed to make a report— must be a person appearing to the Bank to have the skills necessary to make a report on the matter concerned, and where the appointment is to be made by the person concerned, must be a person nominated or approved by the Bank. It is the duty of— to give the person appointed to prepare a report all such assistance as the appointed person may reasonably require. the person concerned, and any person who is providing (or who has at any time provided) services to the person concerned in relation to the matter concerned, The obligation imposed by subsection (7) is enforceable, on the application of the Bank, by an injunction or, in Scotland, by an order for specific performance under section 45 of the Court of Session Act 1988. The Bank may, in relation to an appointment under subsection (3)(b), require B to pay to the Bank a fee to cover the expenses incurred by the Bank in relation to the appointment. In this section “group” has the meaning given by section 3(2)(b).

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