78 Public funds: general
Banking Act 2009 (2009 c 1) | Legislation

78  Public funds: general

(1)     The Bank of England may not exercise [the power to make a mandatory reduction instrument or] a stabilisation power in respect of a bank without the Treasury's consent if the exercise would be likely to have implications for public funds.

(2)     In subsection (1)—

(a)     “public funds” means the Consolidated Fund and any other

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