Section 48(1)

The Bank must publish a statement setting out the following matters in respect of the FMI Committee— the number of members and whether each such member is a Bank member or an independent member; if the Committee includes any Bank members, the role of each such member within the Bank; arrangements for meetings and how proceedings at meetings are conducted; arrangements for the taking of decisions otherwise than at meetings; arrangements for any functions to be carried out by, or after consultation with, the Governor of the Bank (including details of the functions to which such arrangements relate); arrangements for the delegation of functions.

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