PART 5Regulation of payment systems
Consultation, accountability and oversight
104IF1Statement of policy on panel appointments
1
The Payment Systems Regulator must prepare and publish a statement of policy in relation to the appointment of members to any panel established under section 103(3).
2
The statement must provide information about—
a
the process adopted for making appointments;
b
matters considered in determining who is appointed.
3
The statement may provide whatever other information in relation to the making of appointments that the Payment Systems Regulator considers appropriate.
4
The Payment Systems Regulator may alter or replace a statement published under this section.
5
The Payment Systems Regulator must publish a statement as altered or replaced under subsection (4).
6
Before publishing a statement under this section the Payment Systems Regulator must—
a
consult the Treasury about the proposed statement, and
b
have regard to any representations the Treasury make in response to the consultation.
7
Publication under this section is to be made in such manner as the Payment Systems Regulator considers best designed to bring the statement to the attention of the public.