SCHEDULES

SCHEDULE 1U.K. The Security Industry Authority

Remuneration, pensions etc. of membersE+W+S

5(1)The Authority shall pay to its members such remuneration and allowances as the Secretary of State may determine.

(2)The Authority shall, as regards any of its members or former members in whose case the Secretary of State may so determine, pay or make payments in respect of such pension or gratuity as the Secretary of State may determine.

(3)If—

(a)a person ceases to be a member or ceases to be the chairman of the Authority, and

(b)it appears to the Secretary of State that there are special circumstances which make it right that he should receive compensation,

the Secretary of State may direct the Authority to make a payment of such amount as he may determine.