[295A On-site inspection of [United Kingdom branches of third country] CSDs]

[295A  On-site inspection of [United Kingdom branches of third country] CSDs]

[(1)     For the purposes of [Article 25(11) of the CSD regulation], the Bank of England may, on giving reasonable notice and at any reasonable time, carry out an on-site inspection of any branch maintained by [a third country CSD] in the United Kingdom.

(2)     . . .

(3)     The Bank of England's power under subsection (1) is enforceable, on the application of the Bank of England, by an injunction or, in Scotland, by an order for specific performance under section 45 of the Court of Session Act 1988.]

Popular documents