SCHEDULES

SCHEDULE 3U.K. Monetary Policy Committee

Terms of office of appointed membersU.K.

4(1)A person who holds office as a member of the Committee under section 13(2)(c) shall be a servant of the Bank.U.K.

(2)The terms and conditions of service under sub-paragraph (1) shall be such as the Bank may determine.

(3)The function of determining terms and conditions of service under sub-paragraph (2) shall stand delegated to the sub-committee constituted by section 3.