# Financial Services and Markets Act 2000, Paragraph 3

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

(1) The Lord Chancellor must appoint a panel of persons for the purposes of serving as chairmen of the Tribunal.
(2) A person is qualified for membership of the panel of chairmen if—
(a) he satisfies the judicial-appointment eligibility condition on a 5-year basis;
(b) he is an advocate or solicitor in Scotland of at least 5 years’ standing; or
(c) he is—
(i) a member of the Bar of Northern Ireland of at least 5 years’ standing; or
(ii) a solicitor of the Court of Judicature of Northern Ireland of at least 5 years’ standing.
(3) The panel of chairmen must include at least one member who is a person of the kind mentioned in sub-paragraph (2)(b).
(4) The Lord Chancellor must also appoint a panel of persons who appear to him to be qualified by experience or otherwise to deal with matters of the kind that may be referred to the Tribunal.

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Source: https://www.legislation.gov.uk/ukpga/2000/8/schedule/13/paragraph/3 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000/schedule-13/paragraph-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.