Textual Amendments
F1Sch. A1 inserted (1.4.2017) by Enterprise Act 2016 (c. 12), s. 44(5), Sch. 4 para. 9; S.I. 2017/346, reg. 2(a)
5(1)The first chief executive is to be appointed by the Secretary of State on conditions of service determined by the Secretary of State, after consulting the chair.E+W+S
(2)Subsequent chief executives are to be appointed by the IfA after consulting the Secretary of State.
(3)The chief executive must not be appointed for a term of more than five years.
(4)The previous appointment of a person as chief executive does not affect the person's eligibility for re-appointment.
(5)The chief executive holds that office as a member of staff of the IfA.
(6)The IfA may appoint other members of staff.
(7)Service as a member of staff of the IfA is employment in the civil service of the State.
(8)The following are to be determined by the IfA with the approval of the Secretary of State—
(a)the number of members of staff of the IfA (in addition to the chief executive);
(b)the conditions of service of staff of the IfA.
(9)Sub-paragraph (8)(b) is subject to sub-paragraph (1).]