# Banking Act 1987 (repealed), Paragraph 3

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

(1) The Treasury may, after consultation with the Authority, by order increase or, subject to section 2(2) of this Act, reduce the number of ex officio or independent members of the Board, provided always that there shall be a majority of independent members on the Board.
(2) Any order under this paragraph shall be subject to annulment in pursuance of a resolution of either House of Parliament.

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Source: https://www.legislation.gov.uk/ukpga/1987/22/schedule/1/paragraph/3 (the official version)
Page: https://openlegislation.uk/banking-act-1987-repealed/schedule-1/paragraph-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.