Remuneration
This
adran has no associated
Memorandwm Esboniadol
30.—(1) The Regulator is authorised to determine the amount of a manager’s remuneration.
(2) The remuneration of a manager shall be payable out of the income of the community interest company in respect of which the manager was appointed.
(3) The Regulator is authorised to disallow any amount of remuneration of a manager if—
(a)the time specified in the notice referred to in regulation 32(2) has expired; and
(b)the Regulator—
(i)has considered such representations, if any, as are duly made in response to such a notice; and
(ii)is satisfied that the manager has failed in such manner as is set out in sub-paragraph (a)(i) or (ii) of regulation 32(1) and specified in such a notice.