At a meeting of the Committee, the proceedings shall be regulated as follows.

The quorum shall be 6, of whom 2 must hold office as Governor or Deputy Governor of the Bank.

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.

Decisions shall be taken by a vote of all those members present at the meeting.

In the event of a tie, the chairman shall have a second casting vote.

Subject to sub-paragraphs (2) to (5), the Committee shall determine its own procedure.