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Consumer Credit Act 2006
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26(1)A person who—U.K.
(a)immediately before the commencement of section 55 of this Act is a member of a panel established under regulation 24 of the appeals regulations, and
(b)at the time of his appointment to that panel fell within paragraph (2)(a) of that regulation,
shall be treated as having been appointed to the panel of chairmen on the day of the commencement of section 55.
(2)A person who—
(a)immediately before the commencement of section 55 is a member of a panel established under regulation 24 of the appeals regulations, and
(b)is not to be treated as having been appointed to the panel of chairmen in accordance with sub-paragraph (1),
shall be treated as having been appointed to the lay panel on the day of the commencement of section 55.
(3)A person who is to be treated as having been appointed to the panel of chairmen or to the lay panel in accordance with this paragraph shall, subject to paragraph 4(2) and (3) of Schedule A1 to the 1974 Act, hold office as a member of the panel in question—
(a)for the remainder of the period for which he was appointed under regulation 24 of the appeals regulations; and
(b)on the terms on which he was so appointed (except as to the renewal of his appointment).
(4)In this paragraph—
“appeals regulations” means the Consumer Credit Licensing (Appeals) Regulations 1998 (S.I. 1998/1203);
“lay panel” and “panel of chairmen” have the same meanings as in Schedule A1 to the 1974 Act.
Commencement Information
I1Sch. 3 para. 26 in force at 6.4.2008 by S.I. 2007/3300, art. 3(2), Sch. 2
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