Financial Services and Markets Act 2000

This section has no associated Explanatory Notes

3(1)The Lord Chancellor must appoint a panel of persons for the purposes of serving as chairmen of the Tribunal.

(2)A person is qualified for membership of the panel of chairmen if—

(a)he has a seven year general qualification within the meaning of section 71 of the M1Courts and Legal Services Act 1990;

(b)he is an advocate or solicitor in Scotland of at least seven years’ standing; or

(c)he is—

(i)a member of the Bar of Northern Ireland of at least seven years’ standing; or

(ii)a solicitor of the Supreme Court of Northern Ireland of at least seven years’ standing.

(3)The panel of chairmen must include at least one member who is a person of the kind mentioned in sub-paragraph (2)(b).

(4)The Lord Chancellor must also appoint a panel of persons who appear to him to be qualified by experience or otherwise to deal with matters of the kind that may be referred to the Tribunal.

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