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					<dc:identifier>http://www.legislation.gov.uk/ukpga/2009/1/section/243</dc:identifier><dc:title>Banking Act 2009</dc:title><dc:description>An Act to make provision about banking.</dc:description><dc:type>text</dc:type><dc:format>text/xml</dc:format><dc:language>en</dc:language><dc:publisher>Statute Law Database</dc:publisher><dc:modified>2026-02-20</dc:modified><dc:contributor>Expert Participation</dc:contributor><dct:valid>2026-01-19</dct:valid>
					
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					<ukm:PrimaryMetadata><ukm:DocumentClassification><ukm:DocumentCategory Value="primary"/><ukm:DocumentMainType Value="UnitedKingdomPublicGeneralAct"/><ukm:DocumentStatus Value="revised"/></ukm:DocumentClassification><ukm:Year Value="2009"/><ukm:Number Value="1"/><ukm:EnactmentDate Date="2009-02-12"/><ukm:ISBN Value="9780105450184"/><ukm:UnappliedEffects><ukm:UnappliedEffect AffectingURI="http://www.legislation.gov.uk/id/ukpga/2012/21" AffectedClass="UnitedKingdomPublicGeneralAct" AffectedYear="2009" RequiresApplied="true" AffectingYear="2012" EffectId="key-7455a3adf89e32b35f6ac8cdf42c31d1" Modified="2024-02-13T13:42:44Z" AffectedURI="http://www.legislation.gov.uk/id/ukpga/2009/1" AffectingProvisions="s. 96(3)" AffectingClass="UnitedKingdomPublicGeneralAct" Row="166" URI="http://www.legislation.gov.uk/id/effect/key-7455a3adf89e32b35f6ac8cdf42c31d1" AffectedNumber="1" AffectedProvisions="s. 4(8A) (8B)" AffectedEffectsExtent="S+A+M+E+A+S+A+F+F+E+C+T+E+D" AffectedExtent="E+W+S+N.I." Type="inserted" AffectingNumber="21" AffectingEffectsExtent="E+W+S+N.I."><ukm:AffectedTitle>Banking Act 2009</ukm:AffectedTitle><ukm:AffectedProvisions><ukm:Section Ref="section-4-8A" URI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/4/8A" FoundRef="section-4">s. 4(8A)</ukm:Section> <ukm:Section Ref="section-4-8B" URI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/4/8B" FoundRef="section-4">(8B)</ukm:Section></ukm:AffectedProvisions><ukm:AffectingTitle>Financial Services Act 2012</ukm:AffectingTitle><ukm:AffectingProvisions><ukm:Section Ref="section-96-3" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/96/3">s. 96(3)</ukm:Section></ukm:AffectingProvisions><ukm:Savings><ukm:Section Ref="schedule-20" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/20">Sch. 20</ukm:Section></ukm:Savings><ukm:CommencementAuthority><ukm:Section Ref="section-122-3" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/122/3">s. 122(3)</ukm:Section></ukm:CommencementAuthority><ukm:InForceDates><ukm:InForce Applied="false" Prospective="true" Qualification=""/></ukm:InForceDates></ukm:UnappliedEffect><ukm:UnappliedEffect AffectedEffectsExtent="S+A+M+E+A+S+A+F+F+E+C+T+E+D" Row="231" RequiresApplied="true" EffectId="key-d8a63745bbb1439c835cfacc25903209" AffectedNumber="1" AffectedYear="2009" AffectingYear="2012" Type="inserted" AffectedURI="http://www.legislation.gov.uk/id/ukpga/2009/1" AffectedExtent="E+W+S+N.I." AffectingNumber="21" URI="http://www.legislation.gov.uk/id/effect/key-d8a63745bbb1439c835cfacc25903209" AffectingEffectsExtent="E+W+S+N.I." AffectingClass="UnitedKingdomPublicGeneralAct" AffectedProvisions="s. 8(2)(d) and word" AffectingProvisions="s. 96(4)(b)" AffectingURI="http://www.legislation.gov.uk/id/ukpga/2012/21" AffectedClass="UnitedKingdomPublicGeneralAct" Modified="2024-02-13T13:42:44Z"><ukm:AffectedTitle>Banking Act 2009</ukm:AffectedTitle><ukm:AffectedProvisions><ukm:Section Ref="section-8-2-d" URI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/8/2/d" FoundRef="section-8">s. 8(2)(d)</ukm:Section> and word</ukm:AffectedProvisions><ukm:AffectingTitle>Financial Services Act 2012</ukm:AffectingTitle><ukm:AffectingProvisions><ukm:Section Ref="section-96-4-b" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/96/4/b">s. 96(4)(b)</ukm:Section></ukm:AffectingProvisions><ukm:Savings><ukm:Section Ref="schedule-20" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/20">Sch. 20</ukm:Section></ukm:Savings><ukm:CommencementAuthority><ukm:Section Ref="section-122-3" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/122/3">s. 122(3)</ukm:Section></ukm:CommencementAuthority><ukm:InForceDates><ukm:InForce Applied="false" Prospective="true" Qualification=""/></ukm:InForceDates></ukm:UnappliedEffect></ukm:UnappliedEffects></ukm:PrimaryMetadata>
					

                    
									<ukm:Notes><ukm:Note IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/243/notes" DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/243/notes"/><ukm:Alternatives><ukm:Alternative Date="2009-02-25" URI="http://www.legislation.gov.uk/ukpga/2009/1/pdfs/ukpgaen_20090001_en.pdf" Title="Explanatory Note"/></ukm:Alternatives>       
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				</ukm:Metadata><Primary><Body DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/body" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/body" NumberOfProvisions="470" RestrictExtent="E+W+S+N.I." RestrictStartDate="2026-01-19"><Part DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/part/7" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/part/7" NumberOfProvisions="35" id="part-7" RestrictExtent="E+W+S+N.I." RestrictStartDate="2023-08-29"><Number><Strong>Part 7</Strong></Number><Title>Miscellaneous</Title><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/part/7/crossheading/bank-of-england" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/part/7/crossheading/bank-of-england" NumberOfProvisions="14" id="part-7-crossheading-bank-of-england" RestrictStartDate="2023-08-29"><Title><Emphasis>Bank of England</Emphasis></Title><P1group RestrictStartDate="2009-06-01"><Title>Tenure</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/243" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/243" id="section-243"><Pnumber PuncAfter=""><CommentaryRef Ref="key-2fbe429f84707e2cf2d1de705053f00c"/>243</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/243/1" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/243/1" id="section-243-1"><Pnumber>1</Pnumber><P2para><Text>At the end of paragraph 1 of Schedule 1 to the Bank of England Act 1998 (Governor and Deputies: appointment) add—</Text><BlockAmendment TargetClass="unknown" TargetSubClass="unknown" Context="schedule" Format="default"><P2><Pnumber>3</Pnumber><P2para><Text>A person may not be appointed as Governor more than twice.</Text></P2para></P2><P2><Pnumber>4</Pnumber><P2para><Text>A person may not be appointed as Deputy Governor more than twice.</Text></P2para></P2></BlockAmendment></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/243/2" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/243/2" id="section-243-2"><Pnumber>2</Pnumber><P2para><Text>At the end of paragraph 6 of that Schedule (re-appointment) insert <InlineAmendment>“
                    (subject to paragraph 1(3) and (4))
                  ”</InlineAmendment>.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/243/3" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/243/3" id="section-243-3"><Pnumber>3</Pnumber><P2para><Text>After paragraphs 1 and 2 of Schedule 3 to that Act (Monetary Policy Committee: appointment) insert—</Text><BlockAmendment TargetClass="unknown" TargetSubClass="unknown" Context="schedule" Format="default"><P1group Layout="below"><Title/><P1><Pnumber PuncAfter="">2A</Pnumber><P1para><Text>A person may not be appointed as a member of the Committee under section 13(2)(c) more than twice.</Text></P1para></P1></P1group></BlockAmendment></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/243/4" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/243/4" id="section-243-4"><Pnumber>4</Pnumber><P2para><Text>At the end of paragraph 6 of that Schedule (re-appointment) insert <InlineAmendment>“
                    (subject to paragraph 2A)
                  ”</InlineAmendment>.</Text></P2para></P2></P1para></P1></P1group></Pblock></Part></Body></Primary><Commentaries><Commentary id="key-2fbe429f84707e2cf2d1de705053f00c" Type="I"><Para><Text>S. 243 in force at 1.6.2009  by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/1296" id="c5nkdmra2-00064" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="1296" Title="Banking Act 2009 (Commencement No.2) Order 2009">S.I. 2009/1296</Citation>, <CitationSubRef CitationRef="c5nkdmra2-00064" id="c5nkdmra2-00065" URI="http://www.legislation.gov.uk/id/uksi/2009/1296/article/2" SectionRef="article-2">art. 2</CitationSubRef>, <CitationSubRef CitationRef="c5nkdmra2-00064" id="c5nkdmra2-00066" URI="http://www.legislation.gov.uk/id/uksi/2009/1296/schedule/paragraph/6" SectionRef="schedule-paragraph-6" Operative="true">Sch. para. 6</CitationSubRef></Text></Para></Commentary></Commentaries></Legislation>