(1) Where an appeal is brought under section 46, a tribunal to determine the appeal shall be constituted in accordance with subsection (2) below.
(2) The tribunal shall consist of -
(a) a chairman appointed by the Lord Chancellor or the Lord Advocate, and
(b) two other members appointed by the Chancellor of the Exchequer.
(3) The chairman shall be -
(a) a person who has a 7 year general qualification, within the meaning of section 71 of the Courts and Legal Services Act 1990;
(b) an advocate or solicitor in Scotland of at least 7 years' standing; or
(c) a member of the Bar of Northern Ireland or solicitor of the Supreme Court of Northern Ireland of at least 7 years' standing;
and the other two members shall be persons appearing to the Chancellor of the Exchequer to have respectively experience of accountancy and experience of the business of building societies or of other financial institutions.
(3A) A person shall not be appointed after the day on which he attains the age of 70 t