(1) The other members of the Regulatory Authority may appoint a qualified person to act in the office of the Chief Executive -
(a) during the illness or absence of a holder of that office, or
(b) while the holder is suspended from office, or
(c) during a vacancy in that office.
A person so appointed has, while acting as Chief Executive, all the responsibilities and powers of that office.
(2) The other members of the Regulatory Authority may, at any time, remove from office a person who is acting as Chief Executive.
(3) If a person is to be appointed under this section for a period of more than 6 months, the appointment does not take effect until the Minister approves it.
(4) An acting Chief Executive is entitled to be paid such remuneration (including travelling and subsistence allowances) as the other members of the Regulatory Authority determine from time to time.
(5) A person is a qualified person for the purposes of this section if the person is -