Commentary on Sections Financial stability committee: supplemental Section 240: Meetings
538.This section amends the Bank of England Act 1998 (at paragraph 12 of Schedule 1) to provide that the Court of Directors of the Bank of England must meet at least 7 times in each calendar year, rather than monthly as at present.
539.Subsection (3) enables the Governor or, in his absence, a Deputy Governor or the Chair of Court to summon a meeting of the Court.