Statutes section 59
Section 59: Bothati jwa Boitshvaro jwa Lephata la Ditshelete bo tshwanetse go laola merero
In force date not confirmed
59. Bothati jwa Boitshvaro jwa Lephata la Ditshelete bo tshwanetse go laola merero
ya jona ka nonofo le bokgoni, le go tlhoma le go tsenya mo tirisong dithulaganyo tsa 30
tsamaiso le ditirego tse di maleba gape di na le bokgoni, ka go elwa tlhoko, mo gare ga
tse dingwe, ga maemo a a amogelsegang boditshabatshaba mo mererong eno.
## Thlome lebotsayakarolo jwa Komiti Khuduthamaga
60. (1) Komiti e e bidiwang Komiti Khuduthamaga e tlhongwa mabapi le Bothati jwa
Boitshvaro jwa Lephata la Ditshelete. 35
(2) Komiti Khuduthamaga e na le Khomisenara le Batlatsakhominenara.
(3) Komiti Khuduthamaga e tshwanetse go—
(a) baya leitlho ka kakaretso taolo le tsamaiso ya Bothati jwa Boitshvaro jwa
Lephata la Ditshelete go netefatsa gore bo nonofile e bile bo na le bokgoni; le
(b) dira boemong jwa Bothati jwa Boitshvaro jwa Lephata la Ditshelete mo 40
mererong e e latelang:
(i) Go dumelela Khomishenara go saena, mo boemong jwa Bothati jwa
Boitshvaro jwa Lephata la Ditshelete, memorantamo wa tumalano wa
karolo 27 kgotsa karolo 77 le ditlhabololo dingwe le dingwe go
memorantamo oo; 45
(ii) go rolela dithata tsa Bothati jwa Boitshvaro jwa Lephata la Ditshelete go
Bothati jwa Tlhokomelo go ya ka karolo 77 ya memorantamo wa
tumalano;
(iii) go amogela leano la taolo la Bothati jwa Boitshvaro jwa Lephata la
Ditshelete, le ditlhabololo dingwe le dingwe go leano; 50
(iv) go amogela ditsamaiso tsa tiro ya tsamaiso ya Bothati jwa Boitshvaro
jwa Lephata la Ditshelete, le ditlhabololo dingwe le dingwe go
ditsamaiso tseo;
(v) go thapa maloko a dikomiti tsa Bothati jwa Boitshvaro jwa Lephata la
Ditshelete tse di tlhokegang kgotsa letleletsweng ke molao, le go neelana 55
ka dikaelo mabapi le tiragatso ya tiro ya komiti nngwe le nngwe;
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
88
(vi) making conduct standards, joint standards and other regulatory instruments in terms of financial sector laws for which it is the responsible authority;
(vii) granting, varying, suspending and revoking licences in terms of a financial sector law;
(viii) making determinations of fees in terms of financial sector laws;
(ix) any other matter assigned in terms of a financial sector law to the Executive Committee.
## Commissioner and Deputy Commissioners
61. (1) The Minister must appoint a person who is fit and proper and has appropriate expertise in the financial sector as the Commissioner of the Financial Sector Conduct Authority.
(2) The Minister must appoint at least two, but no more than four, persons who have appropriate expertise in the financial sector as Deputy Commissioners.
(3) The Commissioner and Deputy Commissioners serve in a full-time executive capacity.
(4) A process for the selection of persons for appointment as Commissioner or Deputy Commissioner must be prescribed by Regulation.
(5) (a) The Commissioner may designate a Deputy Commissioner to act as Commissioner when the Commissioner is absent from office.
(b) If the Commissioner is unable to designate an acting Commissioner in terms of paragraph (a), or if the office of Commissioner is vacant, the Minister may designate a Deputy Commissioner to act as Commissioner during the Commissioner's absence or pending the appointment of a Commissioner.
(6) A person may not be appointed or hold office as Commissioner or Deputy Commissioner if the person—
(a) is a disqualified person; or
(b) is not ordinarily resident in the Republic.
(7) When appointing the Commissioner or Deputy Commissioner, the Minister and the person appointed must agree, in writing, on—
(a) the performance measures that must be used to assess the person's performance; and
(b) the level of performance to be achieved against those performance measures.
## Roles of Commissioner and Deputy Commissioners
62. (1) The Commissioner—
(a) is responsible for the day-to-day management and administration of the Financial Sector Conduct Authority; and
(b) subject to section 60(3)(b), must perform the functions of the Financial Sector Conduct Authority, including exercising the powers and carrying out the duties associated with those functions.
(2) The roles of the Deputy Commissioners are determined by the Executive Committee.
(3) When acting in terms of subsection (1) or (2), the Commissioner or a Deputy Commissioner must implement the policies and strategies adopted by the Executive Committee.
## Terms of office