1 The Rail Regulator and the Director of Passenger Rail Franchising.E+W+S
(1)The Secretary of State shall appoint—
(a)an officer to be known as “the Rail Regulator” (in this Act referred to as “the Regulator”), and
(b)an officer to be known as “the Director of Passenger Rail Franchising” (in this Act referred to as “the Franchising Director”),
for the purpose of carrying out the functions assigned or transferred to the Regulator, or (as the case may be) the Franchising Director, by or under this Act.
(2)An appointment of a person to hold office as the Regulator or the Franchising Director shall be for a term not exceeding five years; but previous appointment to either of those offices shall not affect eligibility for re-appointment (or for appointment to the other of them).
(3)The Secretary of State may remove any person from office as the Regulator or the Franchising Director on the ground of incapacity or misbehaviour.
(4)Subject to subsections (2) and (3) above, a person appointed as the Regulator or the Franchising Director shall hold and vacate office as such in accordance with the terms of his appointment.
(5)The Franchising Director shall be a corporation sole by the name of “The Director of Passenger Rail Franchising".
(6)The provisions of Schedule 1 to this Act shall have effect with respect to the Regulator and the Franchising Director.