Financial Intermediaries Act 1996
sec.28Inspector’s appointment terms
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sec.28 Inspector’s appointment terms
An inspector holds office on the terms stated in the instrument of appointment. An inspector— if the appointment provides for a term of appointment—ceases holding office at the end of the term; and if the terms of appointment provide—ceases holding office on ceasing to hold another office stated in the appointment terms (the main office ); and may resign by signed notice of resignation given to the registrar. However, an inspector may not resign from the office under this Act (the secondary office ) if a term of employment to the main office requires the inspector to hold the secondary office. s 28 amd 1999 No. 27 s 76 sch 1 pt 2 (sec.28-ssec.1) An inspector holds office on the terms stated in the instrument of appointment. (sec.28-ssec.2) An inspector— if the appointment provides for a term of appointment—ceases holding office at the end of the term; and if the terms of appointment provide—ceases holding office on ceasing to hold another office stated in the appointment terms (the main office ); and may resign by signed notice of resignation given to the registrar. (sec.28-ssec.3) However, an inspector may not resign from the office under this Act (the secondary office ) if a term of employment to the main office requires the inspector to hold the secondary office.
- (a) if the appointment provides for a term of appointment—ceases holding office at the end of the term; and
- (b) if the terms of appointment provide—ceases holding office on ceasing to hold another office stated in the appointment terms (the main office ); and
- (c) may resign by signed notice of resignation given to the registrar.