- Latest available (Revised)
- Original (As enacted)
This is the original version (as it was originally enacted).
11(1)At a meeting of the Committee, the proceedings shall be regulated as follows.
(2)The quorum shall be 6, of whom 2 must hold office as Governor or Deputy Governor of the Bank.
(3)The chair shall be taken by the Governor of the Bank or, if he is not present, the Deputy Governor of the Bank with executive responsibility for monetary policy.
(4)Decisions shall be taken by a vote of all those members present at the meeting.
(5)In the event of a tie, the chairman shall have a second casting vote.
(6)Subject to sub-paragraphs (2) to (5), the Committee shall determine its own procedure.
12The Committee may, in relation to sub-paragraph (2), (3) or (4) of paragraph 11, determine circumstances in which a member who is not present at, but is in communication with, a meeting, is to be treated for the purposes of that sub-paragraph as present at it.
13A representative of the Treasury may attend, and speak at, any meeting of the Committee.
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
Click 'View More' or select 'More Resources' tab for additional information including: