{
  "url": "https://openlegislation.uk/financial-services-and-markets-act-2000/schedule-1ZA/paragraph-2",
  "json_url": "https://openlegislation.uk/financial-services-and-markets-act-2000/schedule-1ZA/paragraph-2.json",
  "legislation": "ukpga/2000/8",
  "legislation_title": "Financial Services and Markets Act 2000",
  "legislation_url": "https://openlegislation.uk/financial-services-and-markets-act-2000",
  "path": "schedule/1ZA/paragraph/2",
  "kind": "paragraph",
  "number": "2",
  "heading": null,
  "text": "(1) The constitution of the FCA must provide for the FCA to have a governing body.\n(2) The governing body must consist of—\n(a) a chair appointed by the Treasury,\n(b) a chief executive appointed by the Treasury,\n(c) the Bank's Deputy Governor for prudential regulation,\n(ca) the Chair of the Payment Systems Regulator,\n(d) 2 members appointed jointly by the Secretary of State and the Treasury, and\n(e) at least one other member appointed by the Treasury.\n(3) The members referred to in sub-paragraph (2)(a), (c) , (ca) and (d) are to be non-executive members.\n(4) In exercising its powers under sub-paragraph (2)(e) to appoint executive or non-executive members, the Treasury must secure that the majority of members of the governing body are non-executive members.\n(5) An employee of the FCA may not be appointed as a non-executive member.\n(6) In the following provisions of this Schedule an “appointed member” means a member of the governing body appointed under sub-paragraph (2)(a), (b), (d) or (e).",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Schs. 1ZA, 1ZB substituted for Sch. 1 (24.1.2013 for specified purposes, 19.2.2013 for specified purposes, 1.4.2013 in so far as not already in force) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 3 (with Sch. 20); S.I. 2013/113, art. 2(1)(b)(c)(2), Sch. Pts. 2, 3, 4; S.I. 2013/423, art. 3, Sch."
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Sch. 1ZA para. 2(2)(ca) inserted (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), ss. 52(4)(a), 86(2)(b)"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "Word in Sch. 1ZA para. 2(3) inserted (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), ss. 52(4)(b), 86(2)(b)"
    }
  ],
  "outstanding_effects": [
    {
      "type": "inserted",
      "affecting": "ukpga/2021/22",
      "affecting_title": "Financial Services Act 2021"
    },
    {
      "type": "inserted",
      "affecting": "ukpga/2021/22",
      "affecting_title": "Financial Services Act 2021"
    }
  ],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2000/8/schedule/1ZA/paragraph/2",
    "retrieved_at": "2026-10-29T09:21:21.899993+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}