SCHEDULES
SCHEDULE 1THE SINGLE FINANCIAL GUIDANCE BODY
Non-executive members: remuneration etc
I15
1
The single financial guidance body may—
a
pay to the non-executive members such remuneration, and
b
pay to or in respect of the non-executive members such sums by way of or in respect of allowances and gratuities,
as the Secretary of State may determine.
2
Where—
a
a person whose term of office as a non-executive member has not expired ceases to hold that office, and
b
the Secretary of State thinks there are special circumstances that make it right for the person to receive compensation,
the single financial guidance body may make a payment to the person of such amount as the Secretary of State may determine.