[2A The Prudential Regulation Authority]
[2A The Prudential Regulation Authority]

[(1)     The “Prudential Regulation Authority” is the Bank of England.

(2)     The Bank's functions as the Prudential Regulation Authority—

(a)     are to be exercised by the Bank acting through its Prudential Regulation Committee (see Part 3A of the Bank of England Act 1998), and

(b)     are not exercisable by the Bank in any other way.

(3)     References in this Act or any other enactment to the Prudential Regulation Authority do not include the Bank of England acting otherwise than in its capacity as the Prudential Regulation Authority.

(4)     References in this Act to the Bank of England do not (unless otherwise provided) include the Bank acting in its capacity as the Prudential Regulation Authority.

(5)     Subsections (3) and (4) do not apply to this section.