Financial Services Act 2012

1Deputy GovernorsU.K.

(1)In section 1 of the Bank of England Act 1998 (court of directors), for subsections (2) and (2A) substitute—

“(2)The court shall consist of the following directors appointed by Her Majesty—

(a)a Governor,

(b)a Deputy Governor for financial stability,

(c)a Deputy Governor for monetary policy,

(d)a Deputy Governor for prudential regulation, and

(e)not more than 9 non-executive directors.”

(2)In section 13 of that Act (Monetary Policy Committee), in subsection (2), for paragraph (a) substitute—

“(a)the Governor of the Bank,

(aa)the Deputy Governor for financial stability,

(ab)the Deputy Governor for monetary policy,”.