[F11(1)Appointment as Governor of the Bank shall be for a period of 8 years.U.K.
(2)Appointment as Deputy Governor of the Bank shall be for a period of 5 years.
(3)A person may not be appointed—
(a)as Governor, more than once, or
(b)as Deputy Governor, more than twice.
(4)A person appointed as Governor or Deputy Governor of the Bank shall work exclusively for the Bank; and for this purpose work in an office that an enactment requires to be held by the Governor or a Deputy Governor is to be taken to be work for the Bank.]
Textual Amendments
F1Sch. 1 para. 1 substituted (19.2.2013 for specified purposes, 1.4.2013 in so far as not already in force) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 2 para. 1(2) (with Sch. 2 paras. 1(15), 20); S.I. 2013/113, art. 2(2), Sch. Pt. 4; S.I. 2013/423, art. 3, Sch.