1 Membership of court of directors
Bank of England and Financial Services Act 2016 (2016 c 14) | Legislation

Part 1 The Bank of England

Governance

1  Membership of court of directors

(1)     The Bank of England Act 1998 is amended as follows.

(2)     In section 1(2) (court of directors) after paragraph (b) insert—

“(ba)     a Deputy Governor for markets and banking,”.

(3)     After section 1 insert—

“1A Power to alter membership of court of directors

(1)     The Treasury, after consulting the Governor of the Bank, may by order amend the list in section 1(2) so as to—

(a)     alter the title of a Deputy Governor;

(b)     add a Deputy Governor to the list;

(c)     remove a Deputy Governor from the list.

(2)     An order under subsection (1)(a) or (c) must (by making saving provision or otherwise) secure that the alteration in the title

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