Explanatory Notes

Financial Services and Markets Act 2000

2000 CHAPTER 8

14 June 2000

Commentary on Sections

Schedule 13: the Financial Services and Markets Tribunal

Paragraph 3: Panels

831.This paragraph requires the Lord Chancellor to appoint the members of two panels, defined in paragraph 1 as the “panel of chairmen” and the “lay panel”, from which members of the Tribunal for a particular case will be drawn.  Members of the former must have appropriate legal qualifications as specified in paragraph 3(2), at least one being suitably qualified in Scotland.