Section 1Citation and commencement
This Order may be cited as the Bank of England (Call Notice) (Benchmark Rate of Interest) Order 2013 and comes into force on 3rd June 2013.
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Statutory Instrument
The Bank of England (Call Notice) (Benchmark Rate of Interest) Order 2013
Section 2Benchmark rate of interest for call notices given by the Bank of England
For paragraph 7 of Schedule 2 to the Bank of England Act 1998, substitute—
Benchmark rate of interest
(7)
(1) The benchmark rate of interest for the purposes of paragraph 6(3) is the Bank rate.
(2) In this paragraph, “Bank rate” means—
(a) the official Bank rate determined by the Monetary Policy Committee of the Bank, or
(b) where an order under section 19 of this Act is in force, any equivalent rate determined by the Treasury under that section.
2 sections
Cite this legislation
The Bank of England (Call Notice) (Benchmark Rate of Interest) Order 2013 (legislation.gov.uk, OGL v3.0). Retrieved via LawPlayer, https://lawplayer.com/uk/act/uksi-2013-721
Contains public sector information licensed under the Open Government Licence v3.0.
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