Schedule 1ZA, Part 1, paragraph 2(2)

The governing body must consist of— a chair appointed by the Treasury, a chief executive appointed by the Treasury, the Bank's Deputy Governor for prudential regulation, the Chair of the Payment Systems Regulator, 2 members appointed jointly by the Secretary of State and the Treasury, and at least one other member appointed by the Treasury.

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Source: legislation.gov.uk · retrieved 2026-09-04