SCHEDULES
SCHEDULE 1The Office of Fair Trading
5Staff
1
The Secretary of State shall, after consulting the chairman, appoint a person (who may, subject to sub-paragraph (2), also be a member of the OFT) to act as chief executive of the OFT on such terms and conditions as the Secretary of State may think appropriate.
2
A person appointed as chief executive after the end of the transitional period may not at the same time be chairman.
3
In sub-paragraph (2) “the transitional period” means the period of two years beginning with the day on which this paragraph comes into force.