This section has no associated Explanatory Notes
[F12U.K.The constitution of the PRA must provide—
(a)for the Governor of the Bank to be the chair of the PRA,
(b)for the Bank's Deputy Governor for prudential regulation to be the chief executive of the PRA, and
(c)for the PRA to have a governing body.]
Textual Amendments
F1Schs. 1ZA, 1ZB substituted for Sch. 1 (24.1.2013 for specified purposes, 19.2.2013 for specified purposes, 1.4.2013 in so far as not already in force) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 3 (with Sch. 20); S.I. 2013/113, art. 2(1)(b)(c)(2), Sch. Pts. 2, 3, 4; S.I. 2013/423, art. 3, Sch.