Section 240

Paragraph 12 of Schedule 1 to the Bank of England 1998 (court of directors: meetings) is amended as follows. In sub-paragraph (1) for “once a month” substitute “ 7 times in each calendar year ”. For sub-paragraph (2) substitute— Either of the following may summon a meeting at any time on giving such notice as the circumstances appear to require— the Governor of the Bank (or in his absence a Deputy Governor), and the chair of the court.

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