PART 1THE INDEPENDENT FINANCIAL REVIEW PANEL

Appointments, etc.

6Termination of membership of the Panel

1

The appointment of a person as a Panel member ceases—

a

on the expiry of the term for which that person was appointed;

b

if that person resigns by giving notice in writing to the Commission;

c

if that person becomes disqualified from being a Panel member; or

d

if the Commission dismisses that person under subsection (2).

2

The Commission may dismiss a person from office as a Panel member if it is satisfied that—

a

the person has been convicted of a criminal offence;

b

the person has become bankrupt F1or is the subject of a bankruptcy restrictions orderF2or has had a debt relief order made in respect of him or is the subject of a debt relief restrictions order or made an arrangement or composition with the person's creditors;

c

the person has without reasonable excuse failed to discharge the functions of a Panel member for a continuous period of 3 months beginning not earlier than 6 months before the day of dismissal;

d

the person is unfit or unable to carry out those functions.