The Scottish Football Association also appointed Lord Nimmo Smith to chair their own inquiry into activities at Rangers earlier this year.
An SPL statement read: "The Scottish Premier League today announced that the independent commission to inquire into alleged EBT payments and arrangements made by Rangers in relation to players during the period from 2000 until 2011 will be chaired by Lord Nimmo Smith.
"The other members of the independent commission are Mr Charles Flint QC and Mr Nicholas Stewart QC.
"The commission will determine whether during that period in relation to alleged EBT payments and arrangements for players, Rangers was in breach of the relevant SPL rules.
"In the event that the independent commission decides that such breach or breaches occurred the independent commission will have powers to determine what sanctions, if any, are appropriate."
