Part I Constitution, regulation and financial arrangements
Constitution and regulation
F13F Oversight F2functions: further provisions
1
2
One or two members of the F5court of directors may attend any meeting of the Financial Policy Committee F9, the Monetary Policy Committee or the Prudential Regulation Committee for the purposes of exercising its oversight functions , but a person attending by virtue of this subsection may not speak unless invited to do so by the person chairing the meeting.
F72A
But a member of the court of directors who has any direct or indirect interest (including any reasonably likely future interest) in any dealing or business which falls to be considered by the Prudential Regulation Committee may not, under the powers conferred by this section—
a
obtain access to any documents relating to the dealing or business, or
b
attend any proceedings of the Prudential Regulation Committee relating to any question arising from its consideration of the dealing or business.
3
Subsection (2) does not affect—
a
b
the powers of the Financial Policy Committee under paragraph 13 of Schedule 2A, F12...
c
the powers of the Monetary Policy Committee under paragraph 13A of Schedule 3F11, or
d
the powers of the Prudential Regulation Committee under paragraph 15(2) of Schedule 6A.