# Bank of England Act 1998, Paragraph 1

Extent: E+W+S+N.I.

(1) Appointment as Governor of the Bank shall be for a period of 8 years.
(2) Appointment as Deputy Governor of the Bank shall be for a period of 5 years.
(3) A person may not be appointed—
(a) as Governor, more than once, or
(b) as Deputy Governor, more than twice.
(4) A person appointed as Governor or Deputy Governor of the Bank shall work exclusively for the Bank; and for this purpose work in an office that an enactment requires to be held by the Governor or a Deputy Governor is to be taken to be work for the Bank.

---
Source: https://www.legislation.gov.uk/ukpga/1998/11/schedule/1/paragraph/1 (the official version)
Page: https://openlegislation.uk/bank-of-england-act-1998/schedule-1/paragraph-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.