Commentary Part 4 – Collaboration between Treasury and Bank of England, Fca Or Pra Section 63: Duty to lay direction etc before Parliament
517.Section 63 requires the Treasury to lay before Parliament a copy of a direction given under section 61 any report provided by the Bank under section 62 and any notice of the revocation of a direction before Parliament. The Treasury is not required to do so where the Treasury consider that the publication would be against the public interest. Where the Treasury reach such a view, they must from time to time review that decision and, if they decide that publication is no longer against the public interest, the Treasury must comply with the duty to publish.