224. Structure of the Regulatory Committee

(1) The Board establishes the Regulatory Committee, which shall be composed of a maximum of seven members appointed by the Board for fixed terms. The Board may reappoint the members for further fixed terms.
(2) All the members of the Regulatory Committee appointed by the Board in accordance with subsection (1) shall be independent of the Board and the Regulator.
(3) The Board shall not remove any member of the Regulatory Committee without Just Cause.