Statutes section 48

Section 48

In force date not confirmed

48. (1) The Prudential Committee may, in writing—

(a) delegate any power or duty referred to in section 42(b)(viii) to the Chief Executive Officer or another staff member of the Prudential Authority; and

(b) at any time, amend a delegation made in terms of paragraph (a).

(2) The Chief Executive Officer may, in writing—

(a) delegate to a staff member of the Prudential Authority or an official or staff member of the Reserve Bank any power or duty assigned or delegated to the Chief Executive Officer in terms of a financial sector law, except the power to delegate contained in this subsection;

(b) delegate to an administrative action committee the power to impose administrative penalties that are specified in the delegation, if the Prudential Authority establishes an administrative action committee; and

(3) A delegation in terms of subsection (1)(a) or (2)(a) may be to a specific person or to a person holding a specific position.

(4) Any power or duty of the Prudential Authority may be delegated to the Financial Sector Conduct Authority by a section 77 memorandum of understanding in accordance with a framework and system of delegation developed by the financial sector regulators to ensure that any delegation does not constrain the Prudential Authority or the Financial Sector Conduct Authority from achieving their respective objectives as set out in sections 33 and 57.

(5) A delegation in terms of this section—

(a) is subject to the limitations and conditions specified in the delegation;

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Molao wa Taolo ya Lephata la Ditshelete, 2017

Nmr 9 ya 2017

(ii) merero e bo tshwanetseng go e ela tlhoko mo go direng ditiro tsa jona;

(iii) itlhagiso ya jona go ditiro tsa tsamaiso; le

(iv) ka moo bo ka neelanang ka ditlhokego tse di maleba go jona mabapi le—

(aa) ponaletshego;

(bb) ditherisano tse di seng bofitlha; le

(cc) boikarabelo; le

(3) Komiti ya Tlhokomelo e tshwanetse go sekaseka leano la bolaodi bonnye ngwaga le ngwaga, le go ka le tlhabolola nako nngwe le nngwe.

(4) (a) Pele ga Komiti ya Tlhokomelo e ka amogela leano la bolaodi kgotsa tlhabololo go leano la bolaodi, e tshwanetse—

(i) go tlamela ka kgatiso ya thalo ya leano kgotsa tlhabololo go Tona, Bothati jwa Boitshwaro jwa Lephata la Ditshelete le Bolaodi jwa Bosetshaba jwa Sekoloto; le

(ii) go laletsa ditshwaelo go tswa go Tona, Bothati jwa Boitshwaro jwa Lephata la Ditshelete le Bolaodi jwa Bosetshaba jwa Sekoloto, ka ga thalo, gore di dirwe mo pakeng e e kailweng ke Komiti ya Tlhokomelo.

(b) Paka e e kailweng mo temaneng (a)(ii) e tshwanetse go nna bonnye kgwedi e le esi.

(5) Mo go swetseng ka ga go amogela leano la bolaodi kgotsa tlhabololo ya leano la bolaodi, Bothati jwa Tlhokomelo bo tshwanetse go tsaya tsia ditshwaelo tsotlhe tse di dirilweng mo thalong.

(6) Komiti ya Tlhokomelo e tshwanetse go leka ka gotlhe go fokotsa, ka moo go kgonagalang e bile go tshwanetse, go sa tsamaelaneng magareng ga leano la bolaodi la Bothati jwa Tlhokomelo le leano la bolaodi la Bothati jwa Boitshwaro jwa Lephata la Ditshelete.

(7) Motlhankedimogolo wa Khuduthamaga o tshwanetse—

(a) go tlamela kgatiso ya leano la bolaodi la Bothati jwa Tlhokomelo, le tlhabololo nngwe le nngwe jaaka e amogetswe, go Tona, Bothati jwa Boitshwaro jwa Lephata la Ditshelete le Bolaodi jwa Bosetshaba jwa Sekoloto; le

(b) go phasalatsa leano le tlhabololo nngwe le nngwe.

# Ditholelo

48. (1) Komiti ya Tlhokomelo e ka, ka go kwala—

(a) rolela thata nngwe le nngwe kgotsa tiro e e kailweng mo karolong 42(b)(viii) go Motlhankedimogolo wa Khuduthamaga kgotsa modirammogo mongwe wa Bothati jwa Tlhokomelo; le

(b) ka nako nngwe le nngwe, tlhabolola tholelo e e dirilweng go ya ka temana (a).

(2) Motlhankedimogolo wa Khuduthamaga o ka, ka go kwala—

(a) rolela go modirimmogo wa Bothati jwa Tlhokomelo kgotsa mokantoro kgotsa motlhankedi kgotsa modirammogo wa Banka ya Resefe thata nngwe le nngwe kgotsa tiro e e neilweng kgotsa roletsweng Motlhankedimogolo wa Khuduthamaga go ya ka molao wa lephata la ditshelete, ntle le thata ya tholelo e e umakilweng mo karolotlaleletsong eno;

(b) rolela go komiti ya tiro ya tsamaiso thata ya go pateletsa dikotlhao tsa tsamaiso tse di tsepamisitsweng mo tholelong, fa Bothati jwa Tlhokomelo bo tlhoma komiti ya tiro ya tsamaiso; le

(3) Tholelo go ya ka karolotlaleletso (1)(a) kgotsa (2)(a) e ka dirwa go motho yo o tsepameng kgotsa go motho yo o tshwereng maemo a a tsepameng.

(4) Thata nngwe le nngwe kgotsa tiro ya Bothati jwa Tlhokomelo e ka rolelwa go Bothati jwa Boitshwaro jwa Lephata la Ditshelete ka memorantamo wa tumalano wa karolo 77 go tsamaelana le letlhomeso le thulaganyo ya tholelo e e tlhabolotsweng ke balaodi ba lephata la ditshelete go netefatsa gore tholelo nngwe le nngwe ga e thibele Bothati jwa Tlhokomelo kgotsa Bothati jwa Boitshwaro jwa Lephata la Ditshelete mo go fitlheleleng maithomo a jona a a tlhalositsweng mo dikarolong 33 le 57.

(5) Tholelo go ya ka karolo eno—

(a) e tsamaelana le ditekanyetso le dipeelo tse di tlhalositsweng mo tholelong;

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No. 41060

GOVERNMENT GAZETTE, 22 AUGUST 2017

Act No. 9 of 2017

Financial Sector Regulation Act, 2017

(b) does not divest the Prudential Authority, the Prudential Committee or the Chief Executive Officer of responsibility in respect of the delegated power or duty; and

(c) may be revoked at any time, but a revocation does not affect any rights or liabilities accrued because of the acts of the delegate.

(6) Anything done by a delegate in accordance with a delegation in terms of this section must be regarded as having been done by the Prudential Authority.

(7) This section does not affect a power under a specific financial sector law to delegate a power of the Prudential Authority.

## Disclosure of interests