Bank of England Act 1998

[F12U.K.Before appointing a person as a member of the Committee under section 30A(2)(g), the Chancellor of the Exchequer must—

(a)be satisfied that the person has knowledge or experience which is likely to be relevant to the Committee's functions, and

(b)consider whether the person has any financial or other interests that could substantially affect the functions as member that it would be proper for the person to discharge.]