4U.K.The Regulator may pay, or make provision for paying, its non-executive members such remuneration as the Secretary of State may determine.
Commencement Information
I1Sch. 1 para. 4 in force at 17.12.2004 by S.I. 2004/3350, art. 2, Sch.
5U.K.The Regulator may—
(a)pay to or in respect of any person who is or has been a non-executive member such pension, allowances or gratuities as the Secretary of State may determine, or
(b)make such payments as the Secretary of State may determine towards provision for the payment of a pension, allowance or gratuity to or in respect of such a person.
Commencement Information
I2Sch. 1 para. 5 in force at 17.12.2004 by S.I. 2004/3350, art. 2, Sch.
6U.K.Where—
(a)a non-executive member ceases to be a member otherwise than on the expiry of his term of office, and
(b)it appears to the Secretary of State that there are circumstances which make it right for that person to receive compensation,
the Regulator may make a payment to that person of such amount as the Secretary of State may determine.
Commencement Information
I3Sch. 1 para. 6 in force at 17.12.2004 by S.I. 2004/3350, art. 2, Sch.
