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SCHEDULES

SCHEDULE 1U.K. The Security Industry Authority

Tenure of officeE+W+S

2(1)Subject to the provisions of this Schedule, a member shall hold and vacate office in accordance with the terms of his appointment.

(2)A person shall not be appointed as a member for more than five years.

(3)A person may at any time resign his office as a member by notice in writing to the Secretary of State.

(4)A person appointed as chairman of the Authority—

(a)shall hold and vacate that office in accordance with the terms of his appointment;

(b)may resign that office by notice in writing to the Secretary of State; and

(c)shall cease to hold that office if he ceases to be a member.

Commencement Information

I1Sch. 1 para. 2 in force at 6.7.2006 for S. by S.S.I. 2006/382, art. 3(a)