Part I The Regulator

Arrangements for consulting practitioners and consumers

9 The Practitioner Panel.

1

Arrangements under section 8 must include the establishment and maintenance of a panel of persons (to be known as “the Practitioner Panel”) to represent the interests of practitioners.

2

The Authority must appoint one of the members of the Practitioner Panel to be its chairman.

3

The Treasury’s approval is required for the appointment or dismissal of the chairman.

4

The Authority must have regard to any representations made to it by the Practitioner Panel.

5

The Authority must appoint to the Practitioner Panel such—

a

individuals who are authorised persons,

b

persons representing authorised persons,

c

persons representing recognised investment exchanges, and

d

persons representing recognised clearing houses,

as it considers appropriate.