# Bank of England Act 1998, Paragraph 9

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

(1) The court of directors of the Bank may, with the consent of the Chancellor of the Exchequer, remove a member appointed under section 13(2)(b) or (c) if it is satisfied—
(a) that he has been absent from the 3 or more meetings of the Monetary Policy Committee without that Committee's consent,
(b) that he has become bankrupt , that a debt relief order (under Part 7A of the Insolvency Act 1986) has been made in respect of him, that his estate has been sequestrated or that he has made an arrangement with or granted a trust deed for his creditors, or
(c) that he is unable or unfit to discharge his functions as a member.
(1A) The court of directors may, with the consent of the Chancellor of the Exchequer, also remove a member appointed under section 13(2)(c) if it is satisfied that in all the circumstances his financial or other interests are such as substantially to affect the functions as member which it would be proper for him to discharge.
(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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Source: https://www.legislation.gov.uk/ukpga/1998/11/schedule/3/paragraph/9 (the official version)
Page: https://openlegislation.uk/bank-of-england-act-1998/schedule-3/paragraph-9
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.