Section 9 — Pensions Act 2004: The Determinations Panel

The Determinations Panel 9 1 The Regulator must establish and maintain a committee consisting of—

a a chairman, and b at least six other persons, (in this Part referred to as “ the Determinations Panel ”).

2 The Regulator must appoint as the chairman of the Panel the person nominated in accordance with paragraph 11 of Schedule 1 (nomination by a committee established by the chairman of the Regulator).

3 The chairman of the Panel must—

a decide the number of persons to be appointed as the other members of the Panel, and b nominate a person suitable for each of those appointments.

4 The Regulator must then appoint as the other members of the Panel the persons nominated by the chairman of the Panel.

5 The following are ineligible for appointment as members of the Panel—

a any member of the Regulator;

b any member of the staff of the Regulator;

c any member of the Board of the Pension Protection Fund;

d any member of the staff of that Board.

6 The Panel may establish sub-committees consisting of members of the Panel.

7 Further provision about the Panel is made in Schedule 1, including provision as to the terms of appointment, tenure and remuneration of members and as to its procedure.