46 Composition of panels
Financial Services and Markets Act 2023 (2023 c 29) | Legislation

46  Composition of panels

(1)     FSMA 2000 is amended in accordance with subsections (2) to (8).

(2)     After section 1M (FCA's general duty to consult) insert—

“1MA Composition of Panels

(1)     A person who receives remuneration from the FCA, the PRA, the Payment Systems Regulator, the Bank of England or the Treasury is disqualified from being appointed as a member of a panel established under any of sections 1N to 1QA or 138IA.

(2)     Subsection (1) does not apply in respect of a panel mentioned in that subsection if regulations made by the Treasury provide for it not to apply to that panel.

(3)     Regulations under subsection (2) may make provision in respect of a panel—

(a)     generally, or

(b)

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