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4.—(1) Rule 3 of the Statutory Committees and their Advisers Rules (composition of the statutory committees) is amended as follows.
(2) In paragraph (1)—
(a)insert “and” at the end of sub-paragraph (b);
(b)for sub-paragraph (c) substitute—
“(c)not fewer than three and not more than eleven other members who may be lay members or registrant members.”; and
(c)omit sub-paragraph (d).
(3) In paragraph (2)—
(a)for sub-paragraph (b) substitute—
“(b)not fewer than three and not more than eight lay members who are deputy chairs; and”;
(b)for sub-paragraph (c) substitute—
“(c)not fewer than eight and not more than fifty one other members who may be lay members or registrant members.”; and
(c)omit sub-paragraph (d).
(4) In paragraph (3)—
(a)insert “and” at the end of sub-paragraph (b);
(b)for sub-paragraph (c) substitute—
“(c)not fewer than three and not more than seventeen other members who may be lay members or registrant members.”; and
(c)omit sub-paragraph (d).
(5) After paragraph (3) insert—
“(3A) The number of lay members of each committee (including any chair or deputy chair) must be at least the same as the number of registrant members.”.
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