Section 10(3)

The Treasury shall ensure that the panel includes— a member appointed by the Treasury, a member appointed by the Bank of England, a member appointed by the PRA, a member appointed by the FCA, a member appointed by the scheme manager of the Financial Services Compensation Scheme, one or more persons who in the Treasury's opinion represent the interests of banks, one or more persons who in the Treasury's opinion have expertise in law relating to the financial systems of the United Kingdom, and one or more persons who in the Treasury's opinion have expertise in insolvency law and practice.

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