Section 1 Court of directors.

United Kingdom

(1)

There shall continue to be a court of directors of the Bank.

F1(2)

The court shall consist of the following directors appointed by Her Majesty—

(a)

a Governor,

(b)

a Deputy Governor for financial stability,

(F2ba)

a Deputy Governor for markets and banking,

(c)

a Deputy Governor for monetary policy,

(d)

a Deputy Governor for prudential regulation, and

(e)

not more than 9 non-executive directors.

F3(3)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(4)

Schedule 1 shall have effect with respect to the court.

Annotations

F1: S. 1(2) substituted for s. 1(2)(2A) (19.2.2013 for specified purposes, 1.4.2013 in so far as not already in force) by Financial Services Act 2012 (c. 21) , ss. 1(1) , 122(3) (with Sch. 20 ); S.I. 2013/113 , art. 2(2) , Sch. Pt. 4 ; S.I. 2013/423 , art. 3 , Sch.
F2: S. 1(2)(ba) inserted (6.7.2016) by Bank of England and Financial Services Act 2016 (c. 14) , ss. 1(2) , 41(3) (with Sch. 3 ); S.I. 2016/627 , reg. 2(1)(a)
F3: S. 1(3) repealed (1.4.2013) by Financial Services Act 2012 (c. 21) , s. 122(3) , Sch. 19 (with Sch. 20 ); S.I. 2013/423 , art. 3 , Sch.