Termination of appointment
5. The appointment of a person in pursuance of the first requirement mentioned in regulation 3(2) shall be treated as terminated in circumstances where—
(a)the Board have reason to believe that the person concerned —
(i)has failed to secure the discharge of any of the duties prescribed by regulation 4, or
(ii)does not have adequate resources to discharge those duties; and
(b)the Board have notified the institution and that person that they propose to treat his appointment as having terminated with effect from the date specified in the notice.