SCHEDULES

SCHEDULE 1 Court of directors

Powers

11

F11

The court may delegate such duties and powers as it thinks fit to—

a

a member of the court,

b

any officer, F3employee or agent of the Bank,

c

a sub-committee consisting of—

i

members of the court, or

ii

one or more members of the court and one or more of the officers, F4employees and agents of the Bank.

F7d

a committee consisting of officers, employees or agents of the Bank.

F22

The duties and powers that may be delegated under this paragraph do not include duties and powers that are by any enactment expressly imposed or conferred on the court of directors.

F5a

include duties and powers conferred on the court of directors by section 9A (financial stability strategy), but

b

except as mentioned in paragraph (a),

F63

The court of directors retains responsibility for a duty or power which it delegates under this paragraph.