(1) The Treasury shall make arrangements for a panel to advise the Treasury about the effect of the special resolution regime on -

(a) banks,

(b) persons with whom banks do business, and

(c) the financial markets.

(2) In particular, the panel may advise the Treasury about -

(a) the exercise of powers to make statutory instruments under or by virtue of this Part, Part 2 or Part 3 (excluding the stabilisation powers, compensation scheme orders, resolution fund orders, third party compensation orders and orders under section 75(2)(b) and (c)),

(b) the code of practice under section 5, and

(c) anything else referred to the panel by the Treasury.

(3) The Treasury shall ensure that the panel includes -

(a) a member appointed by the Treasury,

(b) a member appointed by the Bank of England,

(c) a member appointed by the PRA,

(ca) a member appointed by the FCA,