[F1Resignation and removal from officeU.K.
Textual Amendments
F1Sch. 2 substituted (19.4.2010) by Constitutional Reform and Governance Act 2010 (c. 25), s. 52, Sch. 3; S.I. 2010/1277, art. 2(a)(c)
4(1)A person may resign from the office of Compliance Officer by giving written notice to the IPSA.U.K.
(2)The IPSA may remove a person from the office of Compliance Officer if the person—
(a)is convicted of an offence (see sub-paragraph (3)),
(b)becomes bankrupt (see sub-paragraph (4)), or
(c)is unfit or unable to carry out the functions of the office.
(3)For the purposes of determining if the person is convicted of an offence—
(a)it does not matter where the person is convicted, and
(b)an act punishable under the law of a territory outside the United Kingdom constitutes an offence for the purposes of this paragraph (however it is described in that law).
(4)A person becomes bankrupt if—
(a)in England and Wales or Northern Ireland, a bankruptcy order is made in relation to the person, or
(b)in Scotland, the person's estate is sequestrated.]