Section 15: Establishment of Investigating Panel and Disciplinary Tribunal.

(1) There is established the Chartered Institute of Treasury Management Investigating Panel (in this Act referred to as "the Panel"), charged with the responsibility for —
(a) conducting preliminary investigation into any case where it is alleged that a person registered has misbehaved in that person's capacity as member or, for any other reason, is subject of proceedings before the Tribunal; and
(b) deciding whether the case may be referred to the Tribunal.
(2) The Panel shall be appointed by the Council and shall consist of two members of the Council and three registered members who are not members of the Council.
(3) There is established the Chartered Institute of Treasury Management Disciplinary Tribunal (in this Act referred to as "the Tribunal") charged with the responsibility of considering and determining any case referred to it by the Panel.
(4) The Tribunal shall consist of the Chairman of the Council and six other members appointed by the Council, one of who may be a legal practitioner with at least 10 years post call experience.
(5) The provisions of the Third Schedule to this Act shall, so far as applicable to the Tribunal and Panel respectively, have effect with respect to those bodies. [Third Schedule]