(1) Paragraph 12 of Schedule 1 to the Bank of England 1998 (court of directors: meetings) is amended as follows.
(2) In sub-paragraph (1) for "once a month" substitute "7 times in each calendar year".
(3) For sub-paragraph (2) substitute -
"(2) Either of the following may summon a meeting at any time on giving such notice as the circumstances appear to require -
(a) the Governor of the Bank (or in his absence a Deputy Governor), and
(b) the chair of the court."