Part 7Miscellaneous

Bank of England

240Meetings

(1)

Paragraph 12 of Schedule 1 to the Bank of England 1998 (court of directors: meetings) is amended as follows.

(2)

In sub-paragraph (1) for “once a month” substitute “ 7 times in each calendar year ”.

(3)

For sub-paragraph (2) substitute—

“(2)

Either of the following may summon a meeting at any time on giving such notice as the circumstances appear to require—

(a)

the Governor of the Bank (or in his absence a Deputy Governor), and

(b)

the chair of the court.”