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Resignation and removal of Regulator
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12. (1) The Regulator may at any time resign his or her office by giving notice in writing to the Minister of his or her intention to resign and any such resignation shall take effect as of the date upon which the Minister receives notice of the resignation.
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(2) A Regulator may be removed from office by the Minister—
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(a) if, in his or her opinion, the Regulator has become incapable through ill health of effectively performing his or her duties, or
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(b) for stated misbehaviour.
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(3) In removing the Regulator, the Minister shall give a statement of the reason or reasons for the removal to the Regulator and the statement of reasons shall be laid before each House of the Oireachtas.
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