Paragraph 4

United Kingdom

(1)

The term of office of—

(a)

members nominated by the British Insurance Brokers’ Association shall be such period, not exceeding four years, as may be fixed by the scheme;

(b)

members elected by registered insurance brokers shall be such period as may be fixed by the scheme;

(c)

members nominated by the F1Treasury shall be such period, not exceeding three years, as may be fixed by the Treasury.

(2)

In this paragraph “the scheme” means the scheme or schemes under paragraph 2 above which are for the time being in operation.

Annotations

F1: Words in Sch. para. 4(1) substituted (5.1.1998) by S.I. 1997/2781, art. 8(1), Sch. Pt. II para. 107(with art. 7)

F1: Act repealed (30.4.2001) by 2000 c. 8, ss. 416(1)(c), 432(3), Sch. 22; S.I. 2001/1282, art. 2