5(1)A person is disqualified for appointment as Governor, Deputy Governor or director of the Bank if he is a Minister of the Crown or a person serving in a government department in employment in respect of which remuneration is payable out of money provided by Parliament.U.K.
(2)A person is disqualified for appointment as director of the Bank if he is a servant of the Bank.
6U.K.The fact that a person has held office as Governor, Deputy Governor or director of the Bank does not disqualify him for re-appointment to that office or for appointment to any other of those offices [F1(subject to paragraph 1(3) and (4))].
Textual Amendments
F1Words in Sch. 1 para. 6 inserted (1.6.2009) by Banking Act 2009 (c. 1), ss. 243(2), 263(1) (with s. 247); S.I. 2009/1296, art. 2, Sch. para. 6