(1) The Treasury may by order provide for the payment by the Treasury of remuneration and allowances to -

(a) independent valuers,

(b) staff of independent valuers,

(c) appointing persons,

(ca) persons mentioned in section 54(4)(b), and

(d) monitors.

(2) An order -

(a) must provide for the appointment by the Treasury of a person to monitor the operation of the arrangements for remuneration and allowances for independent valuers;

(b) may require, or enable a compensation scheme order, third party compensation order or bail-in compensation order to require, the monitor's approval before specified things may be done in the course of those arrangements;

(c) may include provision about records and accounts;

(d) may make provision about numbers of staff and the terms and conditions of their appointment (which may include provision requiring the approval of the Treasury or the monitor).

(3) In subsection (1) a reference to the payment of allowances to a person includes a reference to the payment to or in respect of the person of sums by way of or in respect of pension.