SCHEDULES
C1F1Schedule 2Compliance Officer
For expiry of Sch. 2 see s. 15
Resignation and removal from office
4
1
A person may resign from the office of Compliance Officer by giving written notice to the IPSA.
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.
Sch. 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)