The chair and other appointed members of the regulator must appoint a chief executive.
But a person may be appointed as chief executive under subsection (1) only if approved by the Secretary of State.
The regulator may appoint other staff.
The regulator may pay to its staff such remuneration and allowances as it may decide.
The regulator may—
pay such pensions, allowances or gratuities to or in respect of any, or any former, member of staff, or
pay such sums towards the provision for the payment of pensions, allowances or gratuities to or in respect of any, or any former, member of staff,
as it may decide.