s 9 This is the Schedule to be inserted in the Bank of England Act 1998 after Schedule 2— SCHEDULE 2A Financial Policy Committee
(1) The Oversight Committee may, with the consent of the Chancellor of the Exchequer, remove a member appointed under section 9B(1)(d) or (e) (“M”) if it is satisfied— (a) that M has been absent from 3 or more meetings of the Financial Policy Committee without the Committee's consent, (b) that M has become bankrupt, that a debt relief order (under Part 7A of the Insolvency Act 1986) has been made in respect of M, that M's estate has been sequestrated or that M has made an arrangement with or granted a trust deed for M's creditors, or (c) that M is unable or unfit to discharge M's functions as a member. (2) The Oversight Committee may, with the consent of the Chancellor of the Exchequer, also remove a member appointed under section 9B(1)(e) (“M”) if it is satisfied that in all the circumstances M's financial or other interests are such as substantially to affect the functions as member which it would be proper for M to discharge.