# Horserace Betting and Olympic Lottery Act 2004, Paragraph 5

Extent: E+W+S

The Chairman or another member of the Distributor may be removed from office by the Secretary of State... on the grounds that—
(a) a bankruptcy order has been made against him, his estate has been sequestrated or he has made a composition or arrangement with, or granted a trust deed for, his creditors, or
(b) he is, in the opinion of the Secretary of State..., unable, unfit or unwilling to discharge the functions of his office.

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Source: https://www.legislation.gov.uk/ukpga/2004/25/schedule/5/paragraph/5 (the official version)
Page: https://openlegislation.uk/horserace-betting-and-olympic-lottery-act-2004/schedule-5/paragraph-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.