16.—(1) Subject to regulation 17 (scheme advisory board: conflicts of interest), the scheme advisory board is to consist of the following members—
(a)a chair appointed by the Department; and
(b)at least 4, and no more than 12, members appointed by the chair with the approval of the Department.
(2) A member of the scheme advisory board is to hold and vacate office in accordance with the terms of that member’s appointment.