{
  "url": "https://openlegislation.uk/bank-of-england-act-1998/schedule-1/paragraph-14",
  "json_url": "https://openlegislation.uk/bank-of-england-act-1998/schedule-1/paragraph-14.json",
  "legislation": "ukpga/1998/11",
  "legislation_title": "Bank of England Act 1998",
  "legislation_url": "https://openlegislation.uk/bank-of-england-act-1998",
  "path": "schedule/1/paragraph/14",
  "kind": "paragraph",
  "number": "14",
  "heading": null,
  "text": "(A1) The remuneration of the Governor and Deputy Governors of the Bank is to be determined by a sub-committee of the court of directors consisting of 3 or more non-executive directors of the Bank.\n(1) A person appointed as Governor or Deputy Governor of the Bank shall be entitled to be paid by the Bank such remuneration as that sub-committee may determine.\n(2) The Bank may pay, or create and maintain a fund for the payment of, pensions or capital grants to members, or former members, of the court who have rendered exclusive services to the Bank.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Sch. 1 para. 14(A1) inserted (6.7.2016) by Bank of England and Financial Services Act 2016 (c. 14), ss. 4(2)(a), 41(3) (with Sch. 3); S.I. 2016/627, reg. 2(1)(e)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Words in Sch. 1 para. 14(1) substituted (6.7.2016) by Bank of England and Financial Services Act 2016 (c. 14), ss. 4(2)(b), 41(3) (with Sch. 3); S.I. 2016/627, reg. 2(1)(e)"
    }
  ],
  "outstanding_effects": [
    {
      "type": "words substituted",
      "affecting": "ukpga/2016/14",
      "affecting_title": "Bank of England and Financial Services Act 2016"
    },
    {
      "type": "inserted",
      "affecting": "ukpga/2016/14",
      "affecting_title": "Bank of England and Financial Services Act 2016"
    }
  ],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/1998/11/schedule/1/paragraph/14",
    "retrieved_at": "2026-10-29T09:23:10.863404+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}