7. For paragraphs (2) to (11) of Article 19 of the principal Order (The Statutory Committee) substitute—
“(2) The Statutory Committee shall consist of—
(a)a lay member who is the chair;
(b)2 lay members who are deputy chairs;
(c)3 other lay members; and
(d)6 members who are registered persons
all of whom shall be appointed by the Council.
(3) A member of the Statutory Committee shall hold office for a period of 4 years from the date of appointment, but shall be eligible for re-appointment at the expiration of that period.
(4) No member of the Statutory Committee may hold office for more than an aggregate of 8 years in any 20 year period.
(5) There shall be paid to the members of the Statutory Committee such remuneration and such travelling, subsistence or other expenses as the Council may determine.
(6) The expenses of the Statutory Committee (including any such fees payable to any of the members thereof as may be fixed by the Council) shall be defrayed by the Society.
(7) The quorum of the Statutory Committee shall be 3 which must include—
(a)the chair or a deputy chair;
(b)a lay member; and
(c)a member who is a registered person.
(8) The Council may by regulations make provision as to—
(a)the procedure of the Statutory Committee (including the validation of proceedings in the event of vacancies or defects in appointment);
(b)the grounds on which persons are to be disqualified from appointment as members of the Statutory Committee; and
(c)the circumstances in which members cease to hold office or may be removed or suspended from office.”.