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Statutes section 24

Section 24

In force date not confirmed

24. (1) Komiti ya Kelotlhoko ya Tlhomamo ya Ditshelete e tshwanetse go kopana 40 bonnye mo dikgweding dingwe le dingwe tse thataro.

(2) Mmusisi—

(a) o ka bitsa kopano ya Komiti ya Kelotlhoko ya Tlhomamo ya Ditshelete nako nngwe le nngwe; le

(b) o tshwanetse go bitsa kopano fa a kopilwe go dira jalo ke Motlhankedimogolo wa Khuduthamaga, Khomisenara kgotsa ke Motlhankedimogolo wa Khuduthamaga ya Bolaodi jwa Bosetshaba jwa Sekoloto.

(3) (a) Mmusisi o okamela kopano ya Komiti ya Kelotlhoko ya Tlhomamo ya Ditshelete eo Mmusisi a leng teng mo go yona.

(b) Fa Mmusisi a seyo mo kopanong, Motlatsammusisi yo o rweleng maikarabelo a merero ya tlhomamo ya ditshelete o okamela kopano.

(4) (a) Leloko la Komiti ya Kelotlhoko ya Tlhomamo ya Ditshelete le le sa kgoneng go tsenela kopano le ka, morago ga go itsise maloko a mangwe le ka tumalano ya motho yo o tla okamelang kopano, tlhopha mongwe yo o refosanang nae go tsenela kopano eo boemong jwa gagwe.

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

60

(b) An alternate referred to in paragraph (a) has, for that meeting, the same rights as the member of the Financial Stability Oversight Committee.

(5) The Financial Stability Oversight Committee may determine its procedures, including quorum requirements.

(6) The person chairing a meeting may invite any person, including a representative 5 of an organ of state or a financial institution, to attend the meeting.

(7) The Financial Stability Oversight Committee may establish separate working groups or subcommittees.

(8) In the event of an equality of votes on a matter that may be voted upon by the Financial Stability Oversight Committee, the person chairing a meeting has a casting 10 vote in addition to a deliberative vote.

Part 4

Financial Sector Contingency Forum

Financial Sector Contingency Forum

25. (1) The Governor must establish a forum called the Financial Sector Contingency 15 Forum.

(2) The primary objective of the Financial Sector Contingency Forum is to assist the Financial Stability Oversight Committee with—

(a) the identification of potential risks that systemic events will occur; and

(b) the co-ordination of appropriate plans, mechanisms and structures to mitigate 20 those risks.

(3) The Financial Sector Contingency Forum is composed of at least eight members, including—

(a) a Deputy Governor designated by the Governor, which Deputy Governor is the Chairperson; 25

(b) representatives of each of the financial sector regulators;

(c) representatives of other organs of state, as the Chairperson may determine; and

(d) representatives of financial sector industry bodies and any other relevant person, as the Chairperson may determine. 30

(4) The Financial Sector Contingency Forum must meet at least every six months.

(5) The Financial Sector Contingency Forum must be convened and must function in accordance with procedures determined by the Governor.

(6) The Reserve Bank must provide administrative support, and other resources, including financial resources, for the effective functioning of the Financial Sector 35 Contingency Forum.

Part 5

Roles of financial sector regulators and other organs of state in maintaining financial stability

Co-operation among Reserve Bank and financial sector regulators in relation to 40 financial stability