Moved by
Lord Turnbull
83: Before Clause 15, insert the following new Clause—
“Court of directors to become board of directors
(1) The court of directors of the Bank of England shall become the board of directors of the Bank of England.
(2) Accordingly, in the Bank of England Act 1998—
(a) in sections 1(1), (2) and (4), 2(1), 4(2), (3) and (4), 9A(1), (4) and (5), 9B(1), 9G(2), paragraphs 8 to 12A and 13(1) and (3A) to (6) of Schedule 1 and paragraphs 5 and 14 of Schedule 3, for “court” substitute “board”,
(b) in section 2(2) to (4) for “court’s” substitute “board’s”, and
(c) in paragraph 14(2) of Schedule 1, for “court” substitute “board of directors, or former members of the court of directors,”;
and any reference to the court in any other enactment or instrument is to be read as (as appropriate) being or including a reference to the board.”