# Bank of England Act 1998, Paragraph 11

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

(1) At a meeting of the Committee, the proceedings shall be regulated as follows.
(2) The quorum shall be 6, of whom—
(a) one must be the Governor of the Bank or the Deputy Governor for monetary policy,
(b) 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.
(3) The chair shall be taken by the Governor of the Bank or, if he is not present, the Deputy Governor of the Bank ... for monetary policy.
(4) Decisions shall be taken by a vote of all those members present at the meeting.
(5) In the event of a tie, the chairman shall have a second casting vote.
(6) Subject to sub-paragraphs (2) to (5) and paragraph 13B, the Committee shall determine its own procedure.

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Source: https://www.legislation.gov.uk/ukpga/1998/11/schedule/3/paragraph/11 (the official version)
Page: https://openlegislation.uk/bank-of-england-act-1998/schedule-3/paragraph-11
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.