CommitteesU.K.
9(1)The single financial guidance body may—U.K.
(a)establish a committee for the purpose of discharging any of its functions, and
(b)establish a committee for the purpose of giving advice to the body about matters relating to the discharge of its functions.
(2)A committee may consist of or include persons who are neither members nor employees of the single financial guidance body.
(3)But a committee that discharges any functions of the single financial guidance body, by virtue of sub-paragraph (1)(a) or paragraph 10, must include at least one person who is either a member or an employee of the single financial guidance body.
(4)Where a person who is neither a member nor an employee of the single financial guidance body is a member of a committee, the body may pay to that person such remuneration and expenses as it may determine.
(5)A committee may establish a sub-committee.
(6)A sub-committee must include at least one person who is a member of the committee that established it.
(7)A sub-committee that discharges any functions of the single financial guidance body must include at least one person who is either a member or an employee of the single financial guidance body.
Commencement Information
I1Sch. 1 para. 9 in force at 1.10.2018 by S.I. 2018/1029, reg. 2(o)