SCHEDULES

C1SCHEDULE 5The Board of the Pension Protection Fund

Annotations:

Part 1Members of the Board

Terms of appointment

I13

1

The chairman and the ordinary members appointed by the Secretary of State are to be appointed on such terms and conditions as are determined by the Secretary of State.

2

The ordinary members appointed by the Board are to be appointed on such terms and conditions as are determined—

a

in the case of a non-executive member, by the chairman with the approval of the Secretary of State, and

b

in the case of an executive member, by the Chief Executive.

3

This paragraph is subject to paragraph 7 (remuneration of members).