1RAStatement of policy on panel appointments

1

The FCA must prepare and publish a statement of policy in relation to the appointment of members of its statutory panels.

2

The statement must provide information about—

a

the process adopted for making appointments;

b

matters considered in determining who is appointed.

3

The statement may provide whatever other information in relation to the making of appointments that the FCA considers appropriate.

4

The FCA may alter or replace a statement published under this section.

5

The FCA must publish a statement as altered or replaced under subsection (4).

6

Before publishing a statement under this section the FCA must—

a

consult the Treasury about the proposed statement, and

b

have regard to any representations the Treasury make in response to the consultation.

7

Publication under this section is to be made in such manner as the FCA considers best designed to bring the statement to the attention of the public.

8

In this section “statutory panel” means a panel established under section 1N, 1O, 1P, 1Q, 1QA or 138IA.

2NAStatement of policy on panel appointments

1

The PRA must prepare and publish a statement of policy in relation to the appointment of members of its statutory panels.

2

The statement must provide information about—

a

the process adopted for making appointments;

b

matters considered in determining who is appointed.

3

The statement may provide whatever other information in relation to the making of appointments that the PRA considers appropriate.

4

The PRA may alter or replace a statement published under this section.

5

The PRA must publish a statement as altered or replaced under subsection (4).

6

Before publishing a statement under this section the PRA must—

a

consult the Treasury about the proposed statement, and

b

have regard to any representations the Treasury make in response to the consultation.

7

Publication under this section is to be made in such manner as the PRA considers best designed to bring the statement to the attention of the public.

8

In this section “statutory panel” means a panel established under section 2M, 2MA or 138JA.