SCHEDULES

SCHEDULE 1U.K.LBRO: supplementary

TenureU.K.

6(1)Subject to the other provisions of this Schedule, a person holds and vacates office as a member of LBRO in accordance with the terms and conditions of his or her appointment.U.K.

(2)A person may not be appointed as an ordinary member of LBRO for a term of more than five years.

(3)A person may at any time resign as an ordinary member of LBRO by giving notice in writing to the Secretary of State.

(4)The Secretary of State may remove a person as an ordinary member of LBRO at any time if —

(a)the ordinary member has, at any time, been convicted of a criminal offence, or

(b)in the opinion of the Secretary of State—

(i)the ordinary member has failed to comply with the terms of his or her appointment, or

(ii)the ordinary member is otherwise unable, unfit or unwilling to perform his or her functions.

(5)A person who has ceased to be an ordinary member is eligible for reappointment for a further term or terms but the total period of appointment of an ordinary member (whether or not in consecutive terms) may not exceed ten years.