- Latest available (Revised)
- Original (As enacted)
This is the original version (as it was originally enacted).
12(1)A person ceases to be a Commissioner if the person gives the Secretary of State written notice of resignation.
(2)The Secretary of State may call on a Commissioner to resign—
(a)if the Commissioner is convicted of an offence and sentenced to a term of imprisonment;
(b)if the Commissioner is insolvent; or
(c)if the Commissioner is disqualified from being a company director.
(3)If the Secretary of State calls on a Commissioner to resign, the Commissioner must resign—
(a)on the date specified by the Secretary of State, or
(b)on any earlier date which the Commissioner agrees with the Secretary of State.
(4)For the purposes of this paragraph a person is “insolvent” if—
(a)the person has become bankrupt or is an undischarged bankrupt;
(b)the person has become the subject of a bankruptcy restrictions order;
(c)a debt relief order or a debt relief restrictions order has been made in respect of the person;
(d)the person has made a composition or arrangement with his or her creditors, or granted a trust deed for his or her creditors;
(e)under the law of Scotland, the person’s estate has been sequestrated and the person has not been discharged.
(5)For the purposes of this paragraph a person is “disqualified from being a company director” if the person is subject to—
(a)a disqualification order or disqualification undertaking under the Company Directors Disqualification (Northern Ireland) Order 2002 (S.I. 2002/3150 (N.I. 4)),
(b)any order, undertaking or other provision under the law of England and Wales or Scotland that has a corresponding effect,
(c)an order under Article 86(1) of the Judgments Enforcement (Northern Ireland) Order 1981 (S.I. 1981/226 (N.I. 6)), or
(d)any order, undertaking or other provision under the law of England and Wales or Scotland that has a corresponding effect.
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Text created by the government department responsible for the subject matter of the Act to explain what the Act sets out to achieve and to make the Act accessible to readers who are not legally qualified. Explanatory Notes were introduced in 1999 and accompany all Public Acts except Appropriation, Consolidated Fund, Finance and Consolidation Acts.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
Click 'View More' or select 'More Resources' tab for additional information including: