The Bank of England Act 1998 (Macro-prudential Measures) Order 2016
For the purposes of its functions in relation to financial stability under the Bank of England Act 1998 (c.11) (“the Act”), the Financial Policy Committee (“the FPC”) has power under section 9H of the Act to give directions to the Prudential Regulation Authority and the Financial Conduct Authority (“the regulators”), but only in relation to macro-prudential measures prescribed by the Treasury under section 9L of the Act.