Appointment and functions of advisers to the regulator
4.—(1) The regulator may appoint one or more individuals to—
(a)carry out the functions of adjudicators, case examiners, inspectors and investigators, and
(b)advise it on matters relating to its functions(1), and in particular to provide the regulator with information, specialist or expert advice, or recommendations.
(2) An individual appointed under paragraph (1) is referred to in these Regulations as an adviser.
(3) The regulator may establish such panels of advisers as it considers appropriate, and must make rules which make provision about—
(a)the establishment, and size, of panels of advisers,
(b)the selection and appointment of the chair of any panel of advisers.
(4) The regulator may make members of the regulator’s staff(2), facilities and other assistance available to advisers, in accordance with rules made under regulation 5(f).
(5) The regulator may decide the terms on which advisers may be appointed, provided that the regulator must obtain the approval of the Secretary of State for any terms relating to remuneration or pension arrangements.
(6) Any person appointed as an adviser—
(a)may not be a member of the regulator’s staff,
(b)must declare any conflict of interest to the regulator,
(c)holds office in accordance with rules made under regulation 5.
Paragraph 14 of Schedule 3 to the Act provides for the delegation of the regulator’s functions to any person (other than a person mentioned in paragraph 13 of that Schedule).
See further Schedule 3 to the Act, and in particular paragraphs 2, and 8 to 10, regarding members of the regulator, and the regulator’s staff.