Part 7Miscellaneous

Bank of England

I1242Quorum

1

The Bank of England Act 1998 is amended as follows.

2

In section 3 (functions delegated to sub-committee)—

a

omit subsection (3),

b

in subsection (7) for “(3)” substitute “ (4) ”, and

c

at the end of subsection (7) add “ (including quorum) ”.

3

In paragraph 13 of Schedule 1 (court of directors: proceedings)—

a

omit sub-paragraph (2),

b

in sub-paragraph (6) for “(2)” substitute “ (3) ”, and

c

at the end of sub-paragraph (6) add “ (including quorum) ”.