Charities and Trustee Investment (Scotland) Act 2005

Chairing

This section has no associated Explanatory Notes

3(1)The Scottish Ministers must appoint—

(a)one of the members of the Regulator to chair the Regulator, and

(b)another of those members to act as deputy to that member.

(2)A member appointed to chair the Regulator or to act as deputy to that member holds and vacates office as such in accordance with the terms of the appointment to that office.

(3)A member so appointed may, by notice to the Scottish Ministers, resign from office as such.

(4)A member so appointed vacates office as such on ceasing to be a member of the Regulator.

(5)Where a member—

(a)is appointed to chair the Regulator or to act as deputy to that member, or

(b)ceases to hold office as such,

the Scottish Ministers may vary the terms of the member’s appointment as a member of the Regulator so as to alter the date on which office as a member is to be vacated.