Part 7Miscellaneous
Bank of England
I1241Chair of court
1
For paragraph 13(3) of Schedule 1 to the Bank of England Act 1998 (court of directors: chairing meetings) substitute—
3
The Chancellor of the Exchequer may designate—
a
a member of the court to chair its meetings (“the chair of the court”), and
b
one or more members of the court as deputies to chair its meetings in the absence of the chair of the court.
2
For section 3(4) of that Act (sub-committee: chair) substitute—
4
The chair of the court (designated under paragraph 13 of Schedule 1) shall chair meetings of the sub-committee (when present).