Bank of England and Financial Services Bill [HL] — Report — 15 Dec 2015 at 19:17
Relevant documents: 11th, 12th and 16th Reports from the Delegated Powers Committee
Clause 3: Abolition of Oversight Committee
Amendment 1
Moved by Lord Bridges of Headley
1: Clause 3, page 4, line 6, at end insert-
“( ) In section 3C (reviews) after subsection (1) insert-
“(1A) Where they consider that to do so would contribute to the discharge by the court of directors of any of its oversight functions, the non-executive directors of the Bank (or a majority of them) may arrange-
(a) for a review to be conducted under this section in relation to any matter by a person appointed by those directors, and
(b) for the person conducting the review to make one or more reports to the court of directors.””
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