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PART 1THE INDEPENDENT FINANCIAL REVIEW PANEL

Appointments, etc.

Termination of membership of the Panel

6.—(1) The appointment of a person as a Panel member ceases—

(a)on the expiry of the term for which that person was appointed;

(b)if that person resigns by giving notice in writing to the Commission;

(c)if that person becomes disqualified from being a Panel member; or

(d)if the Commission dismisses that person under subsection (2).

(2) The Commission may dismiss a person from office as a Panel member if it is satisfied that—

(a)the person has been convicted of a criminal offence;

(b)the person has become bankrupt or made an arrangement or composition with the person’s creditors;

(c)the person has without reasonable excuse failed to discharge the functions of a Panel member for a continuous period of 3 months beginning not earlier than 6 months before the day of dismissal;

(d)the person is unfit or unable to carry out those functions.