# Bank of England Act 1998, Section 16: Functions of court of directors .

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

(1) The court of directors of the Bank shall keep the procedures followed by the Monetary Policy Committee under review.
(2) In particular, the court's function under subsection (1) shall include determining whether the Monetary Policy Committee has collected the regional, sectoral and other information necessary for the purposes of formulating monetary policy.
(3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

---
Source: https://www.legislation.gov.uk/ukpga/1998/11/section/16 (the official version)
Page: https://openlegislation.uk/bank-of-england-act-1998/section-16
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.