PART 1Bank of England

I1I21Deputy Governors

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,