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“Acting Governor.
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22.—(1) The Governor may appoint one of the other Directors to act as Governor to carry out the designated responsibilities of the Governor's office whenever the Governor is temporarily unable to carry out those responsibilities, whether because of absence or ill-health or for any other reason.
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(2) If the Governor fails to make an appointment in the circumstances specified in subsection (1), the other Directors may appoint one of them to carry out the designated responsibilities.
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(3) Whenever the office of Governor becomes vacant, the Board may appoint any one of the Directors to act as Governor to carry out the designated responsibilities of that office during such vacancy but no Director so appointed shall so act after the expiration of 3 months from the occurrence of the vacancy which occasioned his or her appointment.
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(4) A Director appointed under this section, while acting as Governor has the designated responsibilities of the office of Governor and also the powers relating to the carrying out of those responsibilities.
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(5) A Director appointed under this section to act as Governor is entitled to be paid such remuneration (including travelling and subsistence allowances) as the Board determines from time to time.
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(6) A Director appointed under this section to act as Governor shall not, by reason of such appointment, vacate office as a Director.
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(7) This section does not apply to responsibilities of the Governor that are required, by virtue of section 22A, to be carried out by the Director General of the Bank in any of the circumstances specified in that section.
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(8) In this section, ‘designated responsibilities’, in relation to the office of Governor, means those responsibilities of the Governor other than those specified in section 19A(1)(a) and (b) and (2).”.
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