Paragraph 11
United Kingdom
At a meeting of the Committee, the proceedings shall be regulated as follows.
The quorum shall be 6, of F1whom—
one must be the Governor of the Bank or the Deputy Governor for monetary policy,
unless both those mentioned in paragraph (a) are present, one must be either the Deputy Governor for financial stability or the Deputy Governor for markets and banking.
The chair shall be taken by the Governor of the Bank or, if he is not present, the Deputy Governor of the Bank F2... for monetary policy.
Decisions shall be taken by a vote of all those members present at the meeting.
In the event of a tie, the chairman shall have a second casting vote.
Subject to sub-paragraphs (2) to (5) F3and paragraph 13B, the Committee shall determine its own procedure.
Annotations
Textual amendments
- F1
Words in Sch. 3 para. 11(2) substituted (6.7.2016) by Bank of England and Financial Services Act 2016 (c. 14), ss. 8(5)(a), 41(3) (with Sch. 3); S.I. 2016/627, reg. 2(1)(i)
- F2
Words in Sch. 3 para. 11(3) repealed (19.2.2013 for specified purposes, 1.4.2013 in so far as not already in force) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 2 para. 2(9) (with Sch. 20); S.I. 2013/113, art. 2(2), Sch. Pt. 4; S.I. 2013/423, art. 3, Sch.
- F3
Words in Sch. 3 para. 11(6) inserted (6.7.2016) by Bank of England and Financial Services Act 2016 (c. 14), ss. 8(5)(b), 41(3) (with Sch. 3); S.I. 2016/627, reg. 2(1)(i)