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Financial Guidance and Claims Act 2018

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This is the original version (as it was originally enacted).

Non-executive members: tenure

This section has no associated Explanatory Notes

3(1)The non-executive members hold and vacate office in accordance with the terms of their appointment (subject to this Schedule).

(2)A non-executive member may resign by notice in writing to the Secretary of State.

(3)The Secretary of State may remove a non-executive member from office by notice if the Secretary of State is satisfied that the member—

(a)has a conflict of interest (see paragraph 4),

(b)has at any time been the subject of a bankruptcy order or has had his or her estate sequestrated,

(c)has at any time made a composition or arrangement with, or granted a trust deed for, his or her creditors,

(d)has at any time been convicted of any offence involving dishonesty or deception,

(e)is unfit for office by reason of misconduct,

(f)has failed to comply with the terms of his or her appointment,

(g)has without reasonable excuse failed to discharge the functions of his or her office, or

(h)is otherwise incapable of discharging, or unfit or unwilling to discharge, the functions of his or her office.

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