2

The Statutory Committee shall consist of—

a

a lay member who is the chair;

b

2 lay members who are deputy chairs;

c

3 other lay members; and

d

6 members who are registered persons

all of whom shall be appointed by the Council.

3

A member of the Statutory Committee shall hold office for a period of 4 years from the date of appointment, but shall be eligible for re-appointment at the expiration of that period.

4

No member of the Statutory Committee may hold office for more than an aggregate of 8 years in any 20 year period.

5

There shall be paid to the members of the Statutory Committee such remuneration and such travelling, subsistence or other expenses as the Council may determine.

6

The expenses of the Statutory Committee (including any such fees payable to any of the members thereof as may be fixed by the Council) shall be defrayed by the Society.

7

The quorum of the Statutory Committee shall be 3 which must include—

a

the chair or a deputy chair;

b

a lay member; and

c

a member who is a registered person.

8

The Council may by regulations make provision as to—

a

the procedure of the Statutory Committee (including the validation of proceedings in the event of vacancies or defects in appointment);

b

the grounds on which persons are to be disqualified from appointment as members of the Statutory Committee; and

c

the circumstances in which members cease to hold office or may be removed or suspended from office.