Part 7Miscellaneous
Bank of England
I1243Tenure
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—
2A
A 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)
”
.