Financial Regulator Assessment Authority Act 2021

The Minister may terminate the appointment of a member:

for misbehaviour; or

if the member is unable to perform the duties of the member’s office because of physical or mental incapacity.

The Minister may terminate the appointment of a member if:

the member:

becomes bankrupt; or

applies to take the benefit of any law for the relief of bankrupt or insolvent debtors; or

compounds with the member’s creditors; or

makes an assignment of the member’s remuneration for the benefit of the member’s creditors; or

the member is absent, except on leave of absence, from 3 consecutive meetings of the Authority; or

the member engages in paid work that, in the Minister’s opinion, conflicts or could conflict with the proper performance of member’s duties (see section 30); or

the member fails, without reasonable excuse, to comply with section 29 of the Public Governance, Performance and Accountability Act 2013 (which deals with the duty to disclose interests) or rules made for the purposes of that section.