SCHEDULES
SCHEDULE 1THE SINGLE FINANCIAL GUIDANCE BODY
Committees
I19
1
The single financial guidance body may—
a
establish a committee for the purpose of discharging any of its functions, and
b
establish a committee for the purpose of giving advice to the body about matters relating to the discharge of its functions.
2
A committee may consist of or include persons who are neither members nor employees of the single financial guidance body.
3
But a committee that discharges any functions of the single financial guidance body, by virtue of sub-paragraph (1)(a) or paragraph 10, must include at least one person who is either a member or an employee of the single financial guidance body.
4
Where a person who is neither a member nor an employee of the single financial guidance body is a member of a committee, the body may pay to that person such remuneration and expenses as it may determine.
5
A committee may establish a sub-committee.
6
A sub-committee must include at least one person who is a member of the committee that established it.
7
A sub-committee that discharges any functions of the single financial guidance body must include at least one person who is either a member or an employee of the single financial guidance body.