12(1)The members of the Determinations Panel are to be appointed on such terms and conditions as are determined by the Regulator with the approval of the Secretary of State.U.K.
(2)Subject to sub-paragraph (3) such a member—
(a)is to hold and vacate office in accordance with the terms and conditions of his appointment, and
(b)may resign or be removed from office in accordance with those terms and conditions.
(3)A person must cease to be a member of the Panel where—
(a)in the case of the chairman, he ceases to hold that office, or
(b)in the case of any member, he becomes a member of the Regulator or a member of the staff of the Regulator.
Commencement Information
I1Sch. 1 para. 12 in force at 17.12.2004 by S.I. 2004/3350, art. 2, Sch.