Section 242

The Bank of England Act 1998 is amended as follows. In section 3 (functions delegated to sub-committee)— omit subsection (3), in subsection (7) for “(3)” substitute “ (4) ”, and at the end of subsection (7) add “ (including quorum) ”. In paragraph 13 of Schedule 1 (court of directors: proceedings)— omit sub-paragraph (2), in sub-paragraph (6) for “(2)” substitute “ (3) ”, and at the end of sub-paragraph (6) add “ (including quorum) ”.

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