Part 7Miscellaneous
Bank of England
243Tenure
(1)
At the end of paragraph 1 of Schedule 1 to the Bank of England Act 1998 (Governor and Deputies: appointment) add—
“(3)
A person may not be appointed as Governor more than twice.
(4)
A person may not be appointed as Deputy Governor more than twice.”
(2)
At the end of paragraph 6 of that Schedule (re-appointment) insert “
(subject to paragraph 1(3) and (4))
”
.
(3)
After paragraphs 1 and 2 of Schedule 3 to that Act (Monetary Policy Committee: appointment) insert—
“2A
A person may not be appointed as a member of the Committee under section 13(2)(c) more than twice.”
(4)
At the end of paragraph 6 of that Schedule (re-appointment) insert “
(subject to paragraph 2A)
”
.