An appointed member holds and vacates office in accordance with the appointed member's terms of appointment (subject to this section).
An appointed member may resign by notice to the Secretary of State.
The Secretary of State may dismiss an appointed member who—
has been absent from meetings of the regulator for a period of more than 6 months without its permission,
has become bankrupt or has made an arrangement with the member's creditors,
the Secretary of State thinks has failed to comply with the member's terms of appointment,
the Secretary of State thinks has failed to comply with the member's obligations under section 92P (members' interests),
the Secretary of State thinks is otherwise unable, unfit or unsuitable to perform the functions of the member.