Paragraph 1 MembershipI1

United Kingdom

(1)

The IBCA is to consist of—

(a)

a Chair (who is to be a non-executive member),

(b)

at least 3, but not more than 6, other non-executive members,

(c)

a chief executive, and

(d)

at least 2, but not more than 5, other executive members.

(2)

The members are to be appointed in accordance with paragraphs 2 to 4.

(3)

A person exercising a power of appointment in accordance with those paragraphs must when doing so ensure, so far as practicable, that the number of non-executive members is at all times greater than the number of executive members.

Annotations

Commencement

I1: Sch. 1 para. 1 in force at Royal Assent, see s. 81(1)(a)