PART 1THE INDEPENDENT FINANCIAL REVIEW PANEL
Appointments, etc.
4Appointments to the Panel
1
The Chair and other Panel members shall be appointed by the Commission.
2
Each appointment shall be for a term of 5 years from the date of the appointment.
3
A person may not be appointed to be a Panel member if that person has already been appointed to be a Panel member on two occasions.
5Disqualification from membership of the Panel
1
Schedule 1 makes provision as to the persons who are disqualified from being appointed or serving as Panel members.
2
The Commission may by order amend Schedule 1.
3
An order under this section shall not be made unless a draft of the order has been laid before and approved by resolution of the Assembly.
6Termination of membership of the Panel
1
The appointment of a person as a Panel member ceases—
a
on the expiry of the term for which that person was appointed;
b
if that person resigns by giving notice in writing to the Commission;
c
if that person becomes disqualified from being a Panel member; or
d
if the Commission dismisses that person under subsection (2).
2
The Commission may dismiss a person from office as a Panel member if it is satisfied that—
a
the person has been convicted of a criminal offence;
b
c
the person has without reasonable excuse failed to discharge the functions of a Panel member for a continuous period of 3 months beginning not earlier than 6 months before the day of dismissal;
d
the person is unfit or unable to carry out those functions.
7Code of conduct for Panel members
1
The Panel shall issue a code of conduct for its members.
2
The code of conduct shall in particular—
a
incorporate the Nolan principles or such other similar principles as may be adopted by the Panel from time to time; and
b
include provision about the disclosure of interests by Panel members.
3
The Panel shall keep the code of conduct under review.
4
In this section “the Nolan principles” means the 7 general principles of public life set out in the First Report of the Committee on Standards in Public Life (Cm 2850).
8Administration and finance
Schedule 2 makes administrative and financial provision about the Panel.
9Annual report
The Panel shall, as soon as practicable after the end of each financial year, provide to the Commission a report on the performance of its functions, including the use of resources, during that financial year.