Modifications etc. (not altering text)
C1Sch. 1 extended (17.8.2001) by S.I. 2001/2617, arts. 2(a), 4(3), 8, Sch. 2 para. 2
Modifications etc. (not altering text)
C2Sch. 1 Pt. 1 modified (15.12.2007) by The Transfer of Funds (Information on the Payer) Regulations 2007 (S.I. 2007/3298), reg. 4(4)
C3Sch. 1 Pt. 1 applied (27.11.2008) by Counter-Terrorism Act 2008 (c. 28), ss. 62, 100(2), Sch. 7 para. 41(1) (with s. 101(2), Sch. 7 para. 43)
3(1)The Authority must secure—U.K.
(a)that the majority of the members of its governing body are non-executive members; and
(b)that a committee of its governing body, consisting solely of the non-executive members, is set up and maintained for the purposes of discharging the functions conferred on the committee by this Schedule.
(2)The members of the non-executive committee are to be appointed by the Authority.
(3)The non-executive committee is to have a chairman appointed by the Treasury from among its members.