Fickle

The South African FIC corpus, mapped.

Corpus last synced 15 May 2026 at 11:22 SAST.

Automated best effort research support. Fickle uses deterministic rules and AI assistance to resolve relationships and statuses where it can. It can be wrong, incomplete, or superseded. Check the cited source before relying on it.

Statutes section 179

Section 179

In force date not confirmed

179. (1) Boto ya Khansele ya Ombud e a tlhongwa.

(2) Boto e bopilwe ka—

(a) Ombud yo Mogolo; 50

This gazette is also available free online at www.gpwonline.co.za

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No. 41060

GOVERNMENT GAZETTE, 22 AUGUST 2017

Act No. 9 of 2017

Financial Sector Regulation Act, 2017

182

(b) the Commissioner; and

(c) at least four, but not more than six, other members.

(3) The Commissioner does not have a vote on a question being considered by the Board.

## Appointment of Board members

5

180. (1) The members of the Board are appointed by the Minister.

(2) (a) The Minister must appoint a member as Chairperson and another member as Deputy Chairperson.

(b) The Commissioner and the Chief Ombud may not be appointed as Chairperson or Deputy Chairperson.

(3) The Deputy Chairperson acts as Chairperson when the Chairperson is absent from office or is otherwise unable to perform his or her functions.

(4) A person may not be appointed to, or hold office as, a member of the Board if the person is—

(a) an ombud;

(b) a member of the governing body or staff of an ombud scheme;

(c) a member of the staff of the Ombud Council;

(d) a disqualified person;

(e) not ordinarily resident in the Republic; or

(f) engaged in—

(i) the business of a financial institution; or

(ii) the provision of financial products or financial services to financial customers.

## Terms of office of Board members

181. (1) A person appointed as a member of the Board—

(a) holds office for a term of no longer than five years, as the Minister may determine;

(b) is, at the expiry of that term of office, eligible for re-appointment for one further term; and

(c) must vacate office before the expiry of a term of office if that person—

(i) resigns by giving at least three months written notice to the Minister, or a shorter period that the Minister may accept; or

(ii) is removed from office.

(2) The Minister must, at least three months before the end of a person’s first term of office, inform the person whether or not the Minister intends to re-appoint the person as a member of the Board.

## Service conditions of Board members