Statutory Instruments
2005 No. 3203
BANKS AND BANKING
The Cash Ratio Deposits (Eligible Liabilities) (Amendment) Order 2005
Made
16th November 2005
Laid before Parliament
17th November 2005
Coming into force
1st March 2006
The Treasury make the following Order in exercise of the powers conferred on them by paragraph 2(2) of Schedule 2 to the Bank of England Act 1998( 1 ).
In accordance with paragraph 10 of Schedule 2 to that Act the Treasury have consulted the Bank of England, such persons as appear to them to be representative of persons likely to be materially affected by the Order, and such other persons as they think fit.
In accordance with paragraph 11 of Schedule 2 to that Act they have had regard to the financial needs of the Bank of England.
Citation and commencement
1. This Order may be cited as the Cash Ratio Deposits (Eligible Liabilities) (Amendment) Order 2005 and comes into force on 1st March 2006.
Amendment of the Cash Ratio Deposits (Eligible Liabilities) Order 1998
2. —(1)The Cash Ratio Deposits (Eligible Liabilities) Order 1998( 2 ) is amended as follows.
(2) In articles 3 and 7(2) for “paragraphs 8 to 13”, substitute “paragraphs 9 to 13”.
(3) In the Schedule—
(a) at the end of paragraph 1, add “and except for deposits made by the Bank”; and
(b) delete paragraphs 6 and 8.
Dave Watts
Vernon Coaker
Two of the Lords Commissioners of Her Majesty’s Treasury
16th November 2005
S.I. 1998/1130 .