7.—(1) The GTCS must make a scheme (the “membership scheme”) relating to the removal, disqualification and replacement of members of the GTCS.
(2) The membership scheme may in particular make provision for or in connection with—
(a)members vacating office on the expiration of their term of office;
(b)the resignation of members;
(c)the disqualification of individuals from appointment as members; and
(d)the removal of members, including if the member—
(i)becomes insolvent;
(ii)is absent from meetings of the GTCS for a period specified in the scheme;
(iii)is otherwise unfit to be a member or unable for any reason to discharge the functions of a member;
(iv)changes the nature of their employment;
(e)the replacement of members who die, resign, are removed from, or otherwise vacate office before the expiration of their term of office; and
(f)the term of office of replacement members.
(3) The GTCS may vary the membership scheme at any time.
(4) The GTCS must publish the membership scheme in such ways as it thinks fit.