240MeetingsU.K.
This section has no associated Explanatory Notes
(1)Paragraph 12 of Schedule 1 to the Bank of England 1998 (court of directors: meetings) is amended as follows.
(2)In sub-paragraph (1) for “once a month” substitute “ 7 times in each calendar year ”.
(3)For sub-paragraph (2) substitute—
“(2)Either of the following may summon a meeting at any time on giving such notice as the circumstances appear to require—
(a)the Governor of the Bank (or in his absence a Deputy Governor), and
(b)the chair of the court.”
Commencement Information
I1S. 240 in force at 1.6.2009 by S.I. 2009/1296, art. 2, Sch. para. 3