SCHEDULE

The Regulator

Remuneration etc
4
1
The Secretary of State may pay to or in respect of the Regulator such remuneration as the Secretary of State may determine.
2
The Secretary of State may—
a
pay such pension, allowances or gratuities as the Secretary of State may determine to or in respect of a person who is or has been the Regulator, or
b
make such payments as the Secretary of State may determine towards provision for the payment of a pension, allowances or gratuities to or in respect of such a person.
3
Sub-paragraph (4) applies if the Secretary of State determines that there are special circumstances which make it right for a person ceasing to be the Regulator to receive compensation.
4
The Secretary of State may pay to the person a sum by way of compensation of such amount as the Secretary of State may determine.
Sch. para. 4 in force at 25.7.2022 by S.I. 2022/856, reg. 2(a)