Section 41

41. (1) A committee called the Prudential Committee is hereby established for the Prudential Authority.

(2) The Prudential Committee consists of the Governor, the Chief Executive Officer and the other Deputy Governors.

## Role of Prudential Committee

42. The Prudential Committee must—

(a) generally oversee the management and administration of the Prudential Authority to ensure that it is efficient and effective; and

(b) act for the Prudential Authority in the following matters:

(i) Authorising the Chief Executive Officer to sign, on behalf of the Prudential Authority, a section 27 or section 77 memorandum of understanding and any amendment to such a memorandum;

(ii) delegating powers of the Prudential Authority to the Financial Sector Conduct Authority in terms of a section 77 memorandum of understanding;

(iii) adopting the regulatory strategy of the Prudential Authority, and any amendment to the strategy;

(iv) adopting the administrative action procedures of the Prudential Authority, and any amendment to those procedures;

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GOVERNMENT GAZETTE, 22 AUGUST 2017

No. 41060 71

Molao wa Taolo ya Lephata la Ditshelete, 2017

Nmr 9 ya 2017

(ii) a tlogela tiro jaaka Motlatsammusisi; kgotsa

(iii) a tlogediswa tiro jaaka Motlhankedimogolo wa Khuduthamaga.

(2) Mmusisi o tshwanetse, bonnye dikgwedi tse tharo pele ga bokhutlo jwa paka ya tiro ya Motlhankedimogolo wa Khuduthamaga, go itsise Motlhankedimogolo wa Khuduthamaga fa e le gore Mmusisi o tshitsinya go thapa motho yoo gape jaaka Motlhankedimogolo wa Khuduthamaga.

## Go tloswa ga Motlhankedimogolo wa Khuduthamaga