What are the requirements of a parish (or 'local') council?

Question:
What are the requirements of a parish (or 'local') council?
Answer:

A parish council requires the election of parish councillors. Parish councillors may be volunteers or may be paid an allowance determined by the parish council. These councillors would be in addition to the councillors already elected to Tower Hamlets Council for the wards of Spitalfields & Banglatown and Weavers. A parish council must meet at least four times a year, hold elections every four years, and comply with standing orders and financial regulations and auditing requirements as set out in legislation.

They must have a responsible finance officer and a parish clerk would need to be appointed to oversee the administration of a parish council.