Banking Act 1987 (repealed)
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Change 1
28 Constitution of tribunals.
(1) Where an appeal is brought under section 27 above a tribunal to determine the appeal shall be constituted in accordance with subsection (2) below. (2) The tribunal shall consist of— (a) a chairman appointed by the Lord Chancellor or, in a case where the institution concerned is a company registered in Scotland or has its principal or prospective principal place of business in the United Kingdom in Scotland, by the Lord Chancellor in consultation with the Lord Advocate; and (b) two other members appointed by the Chancellor of the Exchequer. (3) The chairman shall be (a) person who has a seven year general qualification, within the meaning of section 71 of the Courts and Legal Services Act 1990; (b) an advocate or solicitor in Scotland of at least seven years’ standing; or (c) a member of the Bar of Northern Ireland or solicitor of the Supreme Court of Northern Ireland of at least seven years’ standing; and the other two members shall be persons appearing to the Chancellor of the Exchequer to have respectively experience of accountancy and experience of banking. (3A) A person shall not be appointed after the day on which he attains the age of 70 to be the chairman of a tribunal under this section. (4) The Treasury may out of money provided by Parliament pay to the persons appointed as members of a tribunal under this section such fees and allowances in respect of expenses as the Treasury may determine and may also out of such money defray any other expenses of a tribunal.
28 Constitution of tribunals.
(1) Where an appeal is brought under section 27 above a tribunal to determine the appeal shall be constituted in accordance with subsection (2) below. (2) The tribunal shall consist of— (a) a chairman appointed by the Lord Chancellor or, in a case where the institution concerned is a company registered in Scotland or has its principal or prospective principal place of business in the United Kingdom in Scotland, by the Lord Chancellor in consultation with the Lord Advocate; and (b) two other members appointed by the Chancellor of the Exchequer. (3) The chairman shall be (a) person who has a seven year general qualification, within the meaning of section 71 of the Courts and Legal Services Act 1990; (b) an advocate or solicitor in Scotland of at least seven years’ standing; or (c) a member of the Bar of Northern Ireland or solicitor of the Supreme Court of Northern Ireland of at least seven years’ standing; and the other two members shall be persons appearing to the Chancellor of the Exchequer to have respectively experience of accountancy and experience of banking. (3A) A person shall not be appointed after the day on which he attains the age of 70 to be the chairman of a tribunal under this section. (4) The Treasury may out of money provided by Parliament pay to the persons appointed as members of a tribunal under this section such fees and allowances in respect of expenses as the Treasury may determine and may also out of such money defray any other expenses of a tribunal.
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