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Charities and Trustee Investment (Scotland) Act 2005

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Tenure and removal from officeS

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2(1)Each member of the Regulator—

(a)is to be appointed for such period as is specified in the appointment,

(b)may, by notice to the Scottish Ministers, resign as a member,

(c)in other respects, holds and vacates office on such terms and conditions (including remuneration and allowances) as the Scottish Ministers may determine,

(d)after ceasing to hold office, may be reappointed as a member.

(2)The Scottish Ministers may remove a member from office if satisfied—

(a)that the member's estate has been sequestrated or the member has been adjudged bankrupt, has made an arrangement with creditors or has granted a trust deed for creditors or a composition contract,

(b)that the member—

(i)has been absent from meetings of the Regulator for a period longer than 6 consecutive months without the permission of the Regulator, or

(ii)is unable to discharge the member's functions as a member or is unsuitable to continue as a member, or

(c)that it is necessary or expedient to do so in connection with the management of the affairs of the Regulator.

Commencement Information

I1Sch. 1 para. 2 in force at 1.1.2006 for specified purposes by S.S.I. 2005/644, art. 2(1), Sch. 1

I2Sch. 1 para. 2 in force at 24.2.2006 in so far as not already in force by S.S.I. 2006/74, art. 2(e)

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