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SCHEDULE 2SConstitution etc. of the Risk Management Authority

4[F1(1)Subject to any order under subsection (1) of section 11 of this Act, the Authority may—S

(a)make provision for the appointment and constitution of committees and sub-committees;

(b)make provision for the exercise of any of its functions by any of its committees, sub-committees, members or employees; and

(c)regulate its own procedure and the procedure of—

(i)any of its committees or sub-committees (including any such committee as is mentioned in paragraph (a) or (b) of subsection (1A) of that section); or

(ii)any member or employee to whom a function has been delegated under head (b) above.

(1A)Delegation under sub-paragraph (1)(b) is to be without prejudice to the power of the Authority itself to exercise the function in question.

(1B)Without prejudice to the generality of head (c) of sub-paragraph (1), regulation under that head may include provision as to any quorum.]

(2)The validity of any proceedings of the Authority [F2 or of any of its committees or sub-committees or of any of its members by whom functions are exercised by virtue of sub-paragraph (1)(b)] is not affected by any vacancy in membership nor any defect in the appointment of a member.