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SCHEDULES

SCHEDULE 1U.K. The Security Industry Authority

3[F1(1)]The Secretary of State may remove a person from office as a member or as chairman of the Authority if satisfied that—E+W+S

(a)he has without reasonable excuse failed, for a continuous period of three months, to carry out his functions as a member or (as the case may be) as chairman;

(b)he has without reasonable excuse been absent from three consecutive meetings of the Authority;

(c)he has been convicted (whether before or after his appointment) of a criminal offence;

(d)he is an undischarged bankrupt or his estate has been sequestrated and he has not been discharged, or he has made an arrangement with, or granted a trust deed for, his creditors;

[F2(da)a moratorium period under a debt relief order applies in relation to him (under Part 7A of the Insolvency Act 1986),]

(e)he has failed to comply with the terms of his appointment; or

(f)he is otherwise unable or unfit to carry out his functions as a member or (as the case may be) as chairman.

[F3(2)Before removing a person from office as chairman of the Authority, the Secretary of State shall consult the Scottish Ministers [F4and the Department of Justice].]

Textual Amendments

F1Sch. 1 para. 3 renumbered as Sch. 1 para. 3(1) (30.6.2006 for S., 6.7.2006 for E.W.) by Serious Organised Crime and Police Act 2005 (c. 15), s. 178(6)(b), Sch. 15 para. 13(b); S.S.I. 2006/381, art. 2(a)(i)(b)(i)

Commencement Information

I1Sch. 1 para. 3 in force at 6.7.2006 for S. by S.S.I. 2006/382, art. 3(a)

I2Sch. 1 para. 3 in force at 1.5.2009 for N.I. by S.I. 2009/1058, art. 3