SCHEDULES

F1SCHEDULE 1ZBThe Prudential Regulation Authority

Annotations:
Amendments (Textual)
F1

Schs. 1ZA, 1ZB substituted for Sch. 1 (24.1.2013 for specified purposes, 19.2.2013 for specified purposes, 1.4.2013 in so far as not already in force) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 3 (with Sch. 20); S.I. 2013/113, art. 2(1)(b)(c)(2), Sch. Pts. 2, 3, 4; S.I. 2013/423, art. 3, Sch.

PART 1General

Appointed members of governing body

14

The court of directors of the Bank may, with the approval of the Treasury, remove an appointed member from office—

a

on the grounds of incapacity or serious misconduct, or

b

on the grounds that in all the circumstances the member's financial or other interests are such as to have a material effect on the extent of the functions as member that it would be proper for the person to discharge.