(1) If an appointed
member is required to be nominated under
regulation 698D(b)(i), (iii) or (iv) or
698E(2)(b)(i), (iii) or (iv), the regulator must give the person
(the nominating person ) who nominates a person to be an appointed member a
written notice —
(a)
requesting that the nominating person nominate a person to be an appointed
member; and
(b)
specifying that, if the nominating person does not nominate a person to be an
appointed member within 60 days after being given the notice, the
regulator may appoint a person under subregulation (2).
(2) Despite
regulations 698D and 698E, the regulator may appoint a person
to be an appointed member under those regulations without a nomination
if —
(a) the
regulator gives the nominating person a written notice under
subregulation (1); and
(b)
within 60 days after being given the notice, the nominating person has
not nominated a person to be an appointed member.
(3) A person appointed
as provided under subregulation (2) is taken to have been nominated under
the relevant regulation.