Section 19T: Proceedings of Review Panel

19T. Proceedings of Review Panel (1) The Review Panel shall sit as and when required and at such place and time as the Chairperson may determine. (2) At any meeting of the Review Panel, 2 members shall constitute a quorum. (3) (a) Subject to this Act, the Review Panel shall regulate its proceedings in such manner as it may determine Acts 2019 181 and shall ensure, subject to paragraph (b), that proceedings are conducted in a manner which is consistent with the rules of natural justice and procedural fairness. (b) The Review Panel shall not be bound by the rules of evidence but may remain guided by them on any matter as it considers appropriate in the circumstances. (4) The relevant regulatory body or the Financial Reporting Council shall be a party to the review proceedings. (5) Any party to the proceedings before the Review Panel may be represented by counsel or attorney or any other representative duly authorised by him who shall be allowed reasonable opportunity to present the case and in particular, to inspect documents which the Review Panel proposes to consider in determining the case. (6) (a) The Chairperson of the Review Panel may make rules, not inconsistent with this Act, for or with respect to the proceedings of the Review Panel. (b) Rules made under paragraph (a) may provide for the payment of costs by the parties in relation to the matter before the Review Panel.