SCHEDULES

C1C2C3SCHEDULE 13 The Financial Services and Markets Tribunal

Annotations:

Part II The Tribunal

Panels

3

1

The Lord Chancellor must appoint a panel of persons for the purposes of serving as chairmen of the Tribunal.

2

A person is qualified for membership of the panel of chairmen if—

a

he has a seven year general qualification within the meaning of section 71 of the M1Courts and Legal Services Act 1990;

b

he is an advocate or solicitor in Scotland of at least seven years’ standing; or

c

he is—

i

a member of the Bar of Northern Ireland of at least seven years’ standing; or

ii

a solicitor of the Supreme Court of Northern Ireland of at least seven years’ standing.

3

The panel of chairmen must include at least one member who is a person of the kind mentioned in sub-paragraph (2)(b).

4

The Lord Chancellor must also appoint a panel of persons who appear to him to be qualified by experience or otherwise to deal with matters of the kind that may be referred to the Tribunal.