§ Lord Spensasked Her Majesty's Government:
Whether Section 47(2) of the Financial Services Act 1986 applies to the market activities of the Bank of England and its employees in Government securities, sterling and foreign currency transactions.
74WA
The Earl of CaithnessYes, but only to the extent that the activities relate to investments which fall within Schedule 1 to the Financial Services Act.
§ Lord Spensasked Her Majesty's Government:
Whether Section 47(1) of the Financial Services Act 1986 applies to the publications, statements and accounts of the Bank of England, its directors and officers.
The Earl of CaithnessYes, to the extent that they relate to investments as defined in Schedule 1 to the Financial Services Act.