{
  "url": "https://openlegislation.uk/banking-special-provisions-act-2008/schedule-1/paragraph-7",
  "json_url": "https://openlegislation.uk/banking-special-provisions-act-2008/schedule-1/paragraph-7.json",
  "legislation": "ukpga/2008/2",
  "legislation_title": "Banking (Special Provisions) Act 2008",
  "legislation_url": "https://openlegislation.uk/banking-special-provisions-act-2008",
  "path": "schedule/1/paragraph/7",
  "kind": "paragraph",
  "number": "7",
  "heading": null,
  "text": "(1) An order under section 3 may make provision enabling the Treasury—\n(a) to remove or appoint directors of the relevant deposit-taker or any of its group undertakings;\n(b) to determine, by agreement with persons so appointed by the Treasury, their remuneration and the other terms and conditions of their service contracts;\n(c) to terminate, or vary the terms and conditions of, the service contracts of persons who (however appointed) are directors of the relevant deposit-taker or any of its group undertakings.\n(2) An order under section 3 may provide for anything done by the Treasury in accordance with provision made by virtue of sub-paragraph (1) to be treated as done by the relevant deposit-taker.\n(3) In this paragraph “service contract” has the meaning given by section 227 of the Companies Act 2006 (c. 46).",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2008/2/schedule/1/paragraph/7",
    "retrieved_at": "2026-10-29T09:12:17.772390+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."
}