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There are currently no known outstanding effects for the Trade Act 2021, Cross Heading: A chief executive appointed by the Secretary of State.
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17U.K.Paragraphs 18 to 23 apply in respect of a person who is appointed as chief executive by the Secretary of State under paragraph 2(1)(c).
Commencement Information
I1Sch. 4 para. 17 in force at 1.6.2021 by S.I. 2021/550, reg. 3(c)
18U.K.The terms and conditions of a person's appointment as chief executive are to be determined by the Secretary of State; but that is subject to the other provisions of this Schedule.
Commencement Information
I2Sch. 4 para. 18 in force at 1.6.2021 by S.I. 2021/550, reg. 3(c)
19U.K.If the first Chair has not been appointed, a person appointed as chief executive may resign from office by notifying the Secretary of State.
Commencement Information
I3Sch. 4 para. 19 in force at 1.6.2021 by S.I. 2021/550, reg. 3(c)
20U.K.The Secretary of State may remove a person from office as the chief executive if—
(a)the first Chair has not been appointed, and
(b)in the opinion of the Secretary of State, the person is unable or unfit to carry out the functions of the office.
Commencement Information
I4Sch. 4 para. 20 in force at 1.6.2021 by S.I. 2021/550, reg. 3(c)
21U.K.The TRA must pay to a person appointed as chief executive—
(a)such remuneration as the Secretary of State may determine, or
(b)following the appointment of the first Chair, such remuneration as the Chair may determine with the approval of the Secretary of State.
Commencement Information
I5Sch. 4 para. 21 in force at 1.6.2021 by S.I. 2021/550, reg. 3(c)
22U.K.The TRA must pay, or make provision for paying, to or in respect of a person who is or has been the chief executive—
(a)such sums in respect of pension, allowances, expenses and gratuities as the Secretary of State may determine, or
(b)following appointment of the first Chair, such sums in respect of pension, allowances, expenses and gratuities as the Chair may determine with the approval of the Secretary of State.
Commencement Information
I6Sch. 4 para. 22 in force at 1.6.2021 by S.I. 2021/550, reg. 3(c)
23U.K.If a person ceases to be the chief executive of the TRA at a time when the first Chair has not been appointed and the Secretary of State determines that the person should be compensated because of special circumstances, the TRA must pay compensation of such amount as the Secretary of State may determine.
Commencement Information
I7Sch. 4 para. 23 in force at 1.6.2021 by S.I. 2021/550, reg. 3(c)
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