SCHEDULES

SCHEDULE 1Assets Recovery Agency

1Director’s terms of appointment

1

The Director holds office for the period determined by the Secretary of State on his appointment (or re-appointment) to the office.

2

But—

a

the Director may at any time resign by giving notice to the Secretary of State;

b

the Secretary of State may at any time remove the Director from office if satisfied that he is unable or unfit to exercise his functions.