# Banking Act 1987 (repealed), Section 28: Constitution of tribunals.

Extent: E+W+S+N.I.

(1) Where an appeal is brought under section 27 above a tribunal to determine the appeal shall be constituted in accordance with subsection (2) below.
(2) The tribunal shall consist of—
(a) a chairman appointed by the Lord Chancellor or, in a case where the institution concerned is a company registered in Scotland or has its principal or prospective principal place of business in the United Kingdom in Scotland, by the Lord Chancellor in consultation with the Lord Advocate; and
(b) two other members appointed by the Chancellor of the Exchequer.
(3) The chairman shall be
(a) person who has a seven year general qualification, within the meaning of section 71 of the Courts and Legal Services Act 1990;
(b) an advocate or solicitor in Scotland of at least seven years’ standing; or
(c) a member of the Bar of Northern Ireland or solicitor of the Supreme Court of Northern Ireland of at least seven years’ standing;
and the other two members shall be persons appearing to the Chancellor of the Exchequer to have respectively experience of accountancy and experience of banking.
(3A) A person shall not be appointed after the day on which he attains the age of 70 to be the chairman of a tribunal under this section.
(4) The Treasury may out of money provided by Parliament pay to the persons appointed as members of a tribunal under this section such fees and allowances in respect of expenses as the Treasury may determine and may also out of such money defray any other expenses of a tribunal.

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Source: https://www.legislation.gov.uk/ukpga/1987/22/section/28 (the official version)
Page: https://openlegislation.uk/banking-act-1987-repealed/section-28
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.