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Financial Guidance and Claims Act 2018
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Point in time view as at 01/10/2018.
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There are currently no known outstanding effects for the Financial Guidance and Claims Act 2018, Paragraph 5.
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5(1)The single financial guidance body may—U.K.
(a)pay to the non-executive members such remuneration, and
(b)pay to or in respect of the non-executive members such sums by way of or in respect of allowances and gratuities,
as the Secretary of State may determine.
(2)Where—
(a)a person whose term of office as a non-executive member has not expired ceases to hold that office, and
(b)the Secretary of State thinks there are special circumstances that make it right for the person to receive compensation,
the single financial guidance body may make a payment to the person of such amount as the Secretary of State may determine.
Commencement Information
I1Sch. 1 para. 5 in force at 1.10.2018 by S.I. 2018/1029, reg. 2(o)
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