9.—(1) There shall continue to be an officer known as the “International Rail Regulator” appointed by the Secretary of State to perform the functions conferred on him by these Regulations.
(2) The Secretary of State shall appoint a person to hold office as the International Rail Regulator.
(3) An appointment of a person to hold the office as the International Rail Regulator shall be for a term not exceeding five years, but previous appointment to that office shall not affect eligibility for re-appointment.
(4) The Secretary of State may remove a person from office as the International Rail Regulator on the ground of incapacity or misbehaviour.
(5) Subject to paragraphs (3) and (4), a person appointed as the International Rail Regulator shall hold and vacate office as such in accordance with the terms of his appointment.
(6) The provisions of Schedule 2 shall have effect with respect to the International Rail Regulator.
(7) At any time when there is no person holding office as the International Rail Regulator the functions conferred on the holder of that office by these Regulations shall be exercisable by the Secretary of State.