Terms of office
(1) Appointment as Governor of the Bank shall be for a period of 8 years.
(2) Appointment as Deputy Governor of the Bank shall be for a period of 5 years.
(3) A person may not be appointed -
(a) as Governor, more than once, or
(b) as Deputy Governor, more than twice.
(4) A person appointed as Governor or Deputy Governor of the Bank shall work exclusively for the Bank; and for this purpose work in an office that an enactment requires to be held by the Governor or a Deputy Governor is to be taken to be work for the Bank.
(1) Appointment as non-executive director of the Bank shall be for a period of 4 years, or such shorter period as may be specified in the appointment.
(2) If it appears to Her Majesty that in the circumstances it is desirable to do so, Her Majesty may, before the end of the term for which a person is appointed as non-executive director, extend the person’s term of office on one occasion for a specified period of not more than 6 months.
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