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Schedule 1ZA, Part 1, paragraph 3(4)

FSMA 2000

The terms of service of an appointed member (“M”) must be such as— to secure that M is not subject to direction by the Treasury or the Secretary of State, to require M not to act in accordance with the directions of any other person, and to prohibit M from acquiring any financial or other interests that have a material effect on the extent of the functions as member that it would be proper for M to discharge.

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Source: legislation.gov.uk · retrieved 2026-09-04