7. (1) There shall stand established on the establishment day a body, which shall be known as Oifig an Ombudsman um Sheirbhísí Airgeadais agus Pinsin or, in the English language, as the Office of the Financial Services and Pensions Ombudsman (in this Act referred to as the “Office”), to perform the functions conferred on it by this Act.

(2) The Office shall consist of—

(a) the Financial Services and Pensions Ombudsman,

(b) any Deputy Financial Services and Pensions Ombudsman, and

(c) the staff members appointed under section 15.