{
  "url": "https://openlegislation.uk/bank-of-england-and-financial-services-act-2016/section-2",
  "json_url": "https://openlegislation.uk/bank-of-england-and-financial-services-act-2016/section-2.json",
  "legislation": "ukpga/2016/14",
  "legislation_title": "Bank of England and Financial Services Act 2016",
  "legislation_url": "https://openlegislation.uk/bank-of-england-and-financial-services-act-2016",
  "path": "section/2",
  "kind": "section",
  "number": "2",
  "heading": "Term of office of non-executive directors",
  "text": "(1) Paragraph 2 of Schedule 1 to the Bank of England Act 1998 (term of office of non-executive directors) is amended as follows.\n(2) The existing text becomes sub-paragraph (1).\n(3) After that sub-paragraph insert—\n“(2) If it appears to Her Majesty that in the circumstances it is desirable to do so, Her Majesty may, before the end of the term for which a person is appointed as non-executive director, extend the person's term of office on one occasion for a specified period of not more than 6 months.\n(3) If a person whose term of office is extended under sub-paragraph (2) is subsequently re-appointed as non-executive director—\n(a) the length of the term of his or her re-appointment (or, if the person is re-appointed more than once, of the first re-appointment following the extension) is to be reduced by a period equal to the extension, but\n(b) the term of that re-appointment may itself be extended under sub-paragraph (2).”",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "S. 2 in force at 6.7.2016 by S.I. 2016/627, reg. 2(1)(c)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2016/14/section/2",
    "retrieved_at": "2026-10-29T09:06:19.191572+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}