1 Court of directors.U.K.
(1)There shall continue to be a court of directors of the Bank.
(2)The court shall consist of a Governor, 2 Deputy Governors and F1... directors of the Bank, all of whom shall be appointed by Her Majesty.
[F2(2A)The number of directors must not exceed 9.]
(3)On the day on which this Act comes into force, all persons who are, immediately before that day, holding office as director of the Bank shall vacate their office.
(4)Schedule 1 shall have effect with respect to the court.
Textual Amendments
F1Word in s. 1(2) omitted (1.6.2009) by virtue of Banking Act 2009 (c. 1), ss. 239(2), 263(1) (with s. 247); S.I. 2009/1296, art. 2, Sch. para. 2
F2S. 1(2A) inserted (1.6.2009) by Banking Act 2009 (c. 1), ss. 239(3), 263(1) (with s. 247); S.I. 2009/1296, art. 2, Sch. para. 2