Section 242 QuorumI1

(1)

The Bank of England Act 1998 is amended as follows.

(2)

In section 3 (functions delegated to sub-committee)—

(a)

omit subsection (3),

(b)

in subsection (7) for “(3)” substitute “ (4) ”, and

(c)

at the end of subsection (7) add “ (including quorum) ”.

(3)

In paragraph 13 of Schedule 1 (court of directors: proceedings)—

(a)

omit sub-paragraph (2),

(b)

in sub-paragraph (6) for “(2)” substitute “ (3) ”, and

(c)

at the end of sub-paragraph (6) add “ (including quorum) ”.

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