s 53 Independent valuation of compensation
(1) Compensation scheme regulations must provide for any valuation for the purposes of the regulations to be carried out by a person appointed in accordance with the regulations. (2) A person appointed by virtue of subsection (1) is referred to in this Part as an “independent valuer”. (3) Compensation scheme regulations must provide for an independent valuer to be appointed by a person designated by the Secretary of State for the purposes of this subsection (the “appointing person”). (4) Compensation scheme regulations may either— (a) require the Secretary of State to make arrangements to identify a number of possible independent valuers, one of whom is to be selected by the appointing person, or (b) require the appointing person to make arrangements to select an independent valuer, having regard to any criteria specified in the regulations. (5) An independent valuer may be removed only— (a) on the grounds of incapacity or serious misconduct, and (b) by a person designated by the Secretary of State for the purposes of this subsection . (6) Compensation scheme regulations must include provision for resignation and replacement of an independent valuer (and subsections (3) and (4) apply to replacement as to the first appointment).