Financial Intermediaries Act 1996

An inspector holds office on the terms stated in the instrument of appointment.

An inspector—

if the appointment provides for a term of appointment—ceases holding office at the end of the term; and

if the terms of appointment provide—ceases holding office on ceasing to hold another office stated in the appointment terms (the main office); and

may resign by signed notice of resignation given to the registrar.

However, an inspector may not resign from the office under this Act (the secondary office) if a term of employment to the main office requires the inspector to hold the secondary office.