SCHEDULE 1The Pensions Regulator
Part 3Members of the Determinations Panel
Nomination of the chairman of the Panel
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(1)
On each occasion when the Regulator is required to appoint a person as chairman of the Determinations Panel, the chairman of the Regulator must establish a committee (in this Schedule referred to as “the appointments committee”).
(2)
The appointments committee must consist of—
(a)
a chairman appointed by the chairman of the Regulator from the non-executive members of the Regulator, and
(b)
one or more persons appointed by the chairman of the Regulator.
(3)
At least one of the persons appointed under sub-paragraph (2)(b) must be a person who is not a member of the Regulator.
(4)
But a person appointed under sub-paragraph (2)(b) must not be a person who is a member of the staff of the Regulator.
(5)
The committee must nominate a person suitable for appointment as chairman of the Panel.