Bank of England and Financial Services Act 2016
| Jurisdiction | UK Non-devolved |
| Citation | 2016 c. 14 |
| Year | 2016 |
(1) The Bank of England Act 1998 is amended as follows.(2) In section 1(2) (court of directors) after paragraph (b) insert—
- (ba) a Deputy Governor for markets and banking,
- “(1) The Treasury, after consulting the Governor of the Bank, may by order amend the list in section 1(2) so as to—
- (a) alter the title of a Deputy Governor;
- (b) add a Deputy Governor to the list;
- (c) remove a Deputy Governor from the list.
| Addition or removal of Deputy Governors | Corresponding change in membership of Committee |
|---|---|
| Addition of one or more Deputy Governors to the list in section 9B(1) | Equal increase in the number of members appointed by the Chancellor of the Exchequer under section 9B(1) (e) |
| Removal of one or more Deputy Governors from the list in section 9B(1) | Equal reduction in the number of members appointed by the Chancellor of the Exchequer under section 9B(1) (e) |
| Addition of one or more Deputy Governors to the list in section 13(2) | Equal reduction in the number of members appointed by the Governor of the Bank under section 13(2) (b) |
| Removal of one or more Deputy Governors from the list in section 13(2) | Equal increase in the number of members appointed by the Governor of the Bank under section 13(2) (b) |
| Addition of one or more Deputy Governors to the list in section 30A(2) | Equal increase in the minimum number of members appointed by the Chancellor of the Exchequer under |
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