Amendment made: 3, page 49, line 12, at end insert—
‘( ) In paragraph 14 for “submit a monthly” substitute “, at least 8 times in each calendar year, submit a”” —(Harriett Baldwin.)
This amendment changes the frequency with which the Monetary Policy Committee is required to report to the court of directors from once a month to at least 8 times a year. This is because Clause 8(4) replaces a requirement for monthly Committee meetings with one for meetings at least 8 times a year.
Queen’s consent signified.