4(1)The Secretary of State may pay to or in respect of the Regulator such remuneration as the Secretary of State may determine.E+W
(2)The Secretary of State may—
(a)pay such pension, allowances or gratuities as the Secretary of State may determine to or in respect of a person who is or has been the Regulator, or
(b)make such payments as the Secretary of State may determine towards provision for the payment of a pension, allowances or gratuities to or in respect of such a person.
(3)Sub-paragraph (4) applies if the Secretary of State determines that there are special circumstances which make it right for a person ceasing to be the Regulator to receive compensation.
(4)The Secretary of State may pay to the person a sum by way of compensation of such amount as the Secretary of State may determine.
Commencement Information
I1Sch. para. 4 in force at 25.7.2022 by S.I. 2022/856, reg. 2(a)