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(1)The Common Council may establish a committee which has, in relation to the City of London, the powers which under section 21(2)(f) of the Local Government Act 2000 a local authority’s overview and scrutiny committee has in relation to the authority’s area.
(2)Sections 7(3) to (5), 8 and 9 and Schedule 1 apply as if such a committee were an overview and scrutiny committee and as if the Common Council were a London borough council.
(3)Section 21 of the Local Government Act 2000 applies as if such a committee were an overview and scrutiny committee and as if the Common Council were a local authority, but with the omission—
(a)of subsections (1) to (3), (5) and (9),
(b)in subsection (8), of “Executive”,
(c)in subsection (11), of paragraph (b), and
(d)in subsection (13)(a), of the reference to members of the executive.
(4)In the provisions applied by subsections (2) and (3), references to functions under any provision of section 21(2) of the 2000 Act are, in the case of the committee established under subsection (1), references to its functions under that subsection.
(5)“The Common Council” means the Common Council of the City of London.
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