Bank of England Act 1998 (c. 11)

SCHEDULES

[F1 SCHEDULE 6A U.K. Prudential Regulation Committee

Textual Amendments

F1 Sch. 6A inserted (1.3.2017) by Bank of England and Financial Services Act 2016 (c. 14), s. 41(3), Sch. 1 (with Sch. 3); S.I. 2017/43, reg. 2(d)

Terms and conditions of appointment U.K.

7 (1) The terms on which a person is appointed as a member of the Committee under section 30A(2)(g) must be such as— U.K.

(a) to secure that the member is not subject to direction by the Bank or the Treasury,

(b) to require the member not to act in accordance with the directions of any other person, and

(c) to prohibit the member from acquiring any financial or other interests that have a material effect on the extent of the functions as member that it would be proper for the member to discharge.

(2) The terms and conditions on which a person holds office as a member of the Committee appointed under section 30A(2)(g) are to be determined by the court of directors.]