Commentary on provisions of Act Section 3: Notification to Parliamentary Committees
This section inserts a new section 214G, entitled "Notification to Parliamentary Committees", into Part 15 of FSMA 2000 after the new section 214F.
	This new section requires the Bank of England to, as soon as reasonably practicable, notify the chair of each relevant Parliamentary Committee when they have required the FSCS to make a recapitalisation payment.
	The section also defines the relevant Parliamentary Committees and includes provisions intended to future-proof this requirement against changes to committee names and functions.