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Exercise by the Bank of England and Prudential Regulation Authority of sub-delegated powers under the European Union (Withdrawal) Act 2018

On 21 September, HM Treasury laid a report in Parliament on the Bank’s and PRA’s use of sub-delegated powers under the EU (Withdrawal) Act 2018. The Bank and PRA must submit this report to Parliament annually if we exercise the relevant sub-delegated powers. This covers the financial year ending 28 February 2021.