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Financial Services and Markets Act 2000
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Changes over time for: Paragraph 4
Version Superseded: 06/04/2010
Alternative versions:
- 03/09/2001- Amendment
- 03/04/2006- Amendment
- 28/08/2007
Point in time - Stop date 06/04/2010- Amendment
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Financial Services and Markets Act 2000, Paragraph 4 is up to date with all changes known to be in force on or before 22 November 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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This section has no associated Explanatory Notes
4(1)Subject to the provisions of this Schedule, each member of the panel of chairmen and the lay panel is to hold and vacate office in accordance with the terms of his appointment.
(2)The Lord Chancellor may remove a member of either panel (including the President) on the ground of incapacity or misbehaviour.
[F1(2A)The Lord Chancellor may remove a person under sub-paragraph (2) only with the concurrence of the appropriate senior judge.
(2B)The appropriate senior judge is the Lord Chief Justice of England and Wales, unless—
(a)the person to be removed exercises functions wholly or mainly in Scotland, in which case it is the Lord President of the Court of Session, or
(b)the person to be removed exercises functions wholly or mainly in Northern Ireland, in which case it is the Lord Chief Justice of Northern Ireland.]
(3)A member of either panel—
(a)may at any time resign office by notice in writing to the Lord Chancellor;
(b)is eligible for re-appointment if he ceases to hold office.
Textual Amendments
F1Sch. 13 para. 4(2A)(2B) inserted (3.4.2006) by Constitutional Reform Act 2005 (c. 4), ss. 15(1), 148(1), Sch. 4 para. 286(3); S.I. 2006/1014, art. 2(a), Sch. 1 paras. 10, 11(x)
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