SCHEDULES

SCHEDULE 10Amendments relating to judicial appointments

Part 1Amendments

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1

Schedule 13 to the Financial Services and Markets Act 2000 (c. 8) is amended as follows.

2

In paragraph 2(5) (President of Financial Services and Markets Tribunal)—

a

for paragraph (a) substitute—

a

satisfies the judicial-appointment eligibility condition on a 7-year basis;

b

in paragraphs (b) and (c)(i) and (ii), for “ten” substitute “7”.

3

In paragraph 3(2) (panel of chairmen)—

a

for paragraph (a) substitute—

a

he satisfies the judicial-appointment eligibility condition on a 5-year basis;

b

in paragraphs (b) and (c)(i) and (ii), for “seven” substitute “5”.