243TenureU.K.
(1)At the end of paragraph 1 of Schedule 1 to the Bank of England Act 1998 (Governor and Deputies: appointment) add—
“(3)A person may not be appointed as Governor more than twice.
(4)A person may not be appointed as Deputy Governor more than twice.”
(2)At the end of paragraph 6 of that Schedule (re-appointment) insert “ (subject to paragraph 1(3) and (4)) ”.
(3)After paragraphs 1 and 2 of Schedule 3 to that Act (Monetary Policy Committee: appointment) insert—
“2AA person may not be appointed as a member of the Committee under section 13(2)(c) more than twice.”
(4)At the end of paragraph 6 of that Schedule (re-appointment) insert “ (subject to paragraph 2A) ”.
Commencement Information
I1S. 243 in force at 1.6.2009 by S.I. 2009/1296, art. 2, Sch. para. 6