832.This paragraph provides that the terms of office of the panel members (including the President and any Deputy President) are to be determined by the terms on which they are appointed by the Lord Chancellor.  The Lord Chancellor is also to have the power to remove them on grounds of incapacity or misbehaviour.  The President and panel members may resign at any time, and they may be reappointed at the end of their terms.  Paragraph 5 gives the Lord Chancellor similar powers to determine the remuneration of such persons and gives the Lord Chancellor the power to retain and pay administrative staff to support the Tribunal and to meet other expenses.
Schedule 13: the Financial Services and Markets Tribunal Paragraph 4: Terms of office