Modifications etc. (not altering text)
C1Pt. 1 applied in part (with modifications) (20.7.2005 for specified purposes, 1.9.2005 for specified purposes, 5.12.2005 for specified purposes) by The Financial Assistance Scheme Regulations 2005 (S.I. 2005/1986), regs. 1(1), 4, Sch. 1 Pt. 1 (as amended (17.7.2008) by The Financial Assistance Scheme (Miscellaneous Amendments) Regulations 2008 (S.I. 2008/1903), regs. 1, 5(2), 13; (10.7.2009) by The Financial Assistance Scheme (Miscellaneous Provisions) Regulations 2009 (S.I. 2009/1851), regs. 1, 5, 18; (2.4.2010) by The Financial Assistance Scheme (Miscellaneous Amendments) Regulations 2010 (S.I. 2010/1149), regs. 1, 5, 15)
(1)The Regulator must establish and maintain a committee consisting of—
(a)a chairman, and
(b)at least six other persons,
(in this Part referred to as “the Determinations Panel”).
(2)The Regulator must appoint as the chairman of the Panel the person nominated in accordance with paragraph 11 of Schedule 1 (nomination by a committee established by the chairman of the Regulator).
(3)The chairman of the Panel must—
(a)decide the number of persons to be appointed as the other members of the Panel, and
(b)nominate a person suitable for each of those appointments.
(4)The Regulator must then appoint as the other members of the Panel the persons nominated by the chairman of the Panel.
(5)The following are ineligible for appointment as members of the Panel—
(a)any member of the Regulator;
(b)any member of the staff of the Regulator;
(c)any member of the Board of the Pension Protection Fund;
(d)any member of the staff of that Board.
(6)The Panel may establish sub-committees consisting of members of the Panel.
(7)Further provision about the Panel is made in Schedule 1, including provision as to the terms of appointment, tenure and remuneration of members and as to its procedure.
Commencement Information
I1S. 9 in force at 17.12.2004 by S.I. 2004/3350, art. 2, Sch.