SCHEDULES

SCHEDULE 1Assets Recovery Agency

Director’s terms of appointment

1(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.