Section 67

67. (1) (a) Tshitsinyo pele ga kopano ya Komitikhuduthamaga e nna tshwetso ya Komitikhuduthamaga fa bontsi jwa maloko a a leng teng, kgotsa a a tseelwang gore a teng, le ao a ka tsayang karolo mo go sekasekeng tshitsinyo, a boutela tshitsinyo.

(b) Fa go diragala gore diboutu tsa tshitsinyo di lekane, motho yo o okametseng kopano o ka dira boutu e e kgethegileng mo godimo ga boutu e e tlwaelegileng.

(2) Komiti ya Khuduthamaga e ka, go tsamaelana le ditsamaiso tse di tlhomamisitsweng ke Komitikhuduthamaga, tsaya tshwetso ka ga tshitsinyo kwa ntle ga kopano ya Komitikhuduthamaga.

(3) Tshwetso ya Komitikhuduthamaga e amogelsega fela ka ntlha ya

(a) fa go nnile le phatlatiro kwa tirong ya leloko fa tshwetso e ne e tsewa; kgotsa 30

(b) fa motho yo o neng e se leloko a tsere karolo mo tshwetsong, fa fela motho yoo a sa bouta.

Puso le dikomiti tlaleletso dingwe

68. (1) Mokaedikakaretso o tshwanetse go tlhoma—

(a) komititlaleletso go thadisa, lekola le go gakolola Komitikhuduthamaga ka ga pholisi ya moputso ya Bothati jwa Boitshvaro jwa Lephata la Ditshelete; le

(b) komititlaleletso go thadisa, lekola le gakolola Komitikhuduthamaga ka ga dikotsi tse Bothati jwa Boitshvaro jwa Lephata la Ditshelete bo lebaganeng le tsona le maano a go laola dikotsi tseo.

(2) Komitikhuduthamaga e ka tlhomela Bothati jwa Boitshvaro jwa Lephata la 40 Ditshelete komititlaleletso e le nngwe kgotsa go feta, eo ditiro tsa yona di ka tlhomamiswang ke Komitikhuduthamaga.

(3) (a) Mokaedikakaretso o tlhomamisa botokololo jwa komititlaleletso nngwe le nngwe e tthomilweng go ya ka karolotlaleletso (1).

(b) Bontsi jwa maloko a komititlaleletso e etthomilweng go ya ka karolotlaleletso (1) 45 bo ka se nne maloko a badirammogo ba Bothati jwa Boitshvaro jwa Lephata la Ditshelete.

(c) Komitikhuduthamaga e tlhomamisa botokololo jwa komititlaleletso nngwe le nngwe e tthomilweng go ya ka karolotlaleletso (2).

(d) Komititlaleletso e etthomilweng go ya ka karolotlaleletso (2) e ka akaretsa batho 50 bao e seng maloko a Komitikhuduthamaga kgotsa badirammogo ba Bothati jwa Boitshvaro jwa Lephata la Ditshelete.

(e) Motho yo o ileditsweng o ka se nne kgotsa o ka se tswelele go nna leloko la komititlaleletso e etthomilweng go ya ka karolo eno.

(4) Leloko la komititlaleletso e tthomilweng go ya ka karolo eno go akaretsa le 55 motho yo o seng mo tirelong ya lephata la puso, yo o dirang sebaka sa paka, le go ya ka dipeelo le mabaka, le dipeelo mabapi le moputso, tse di tlhomamisitsweng ke Mokaedikakaretso kgotsa Komitikhuduthamaga, jaaka mabaka a ntse, yo o tthomileng komititlaleletso.

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(5) A subcommittee established in terms of subsection (1) must be chaired by a person who is not the Commissioner, a Deputy Commissioner or a staff member of the Financial Sector Conduct Authority.

(6) A subcommittee established in terms of this section determines its procedures, subject to any directions of the Director-General or the Executive Committee, as the case may be, who established the subcommittee.

(7) The Commissioner must ensure that minutes of each meeting of each subcommittee established in terms of this section are kept in a manner determined by the Executive Committee.

Duties of Commissioner, Deputy Commissioners and other subcommittee members

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69. (1) The Commissioner, each Deputy Commissioner and each member of a subcommittee of the Financial Sector Conduct Authority established as contemplated in section 51(1)(a)(ii) of the Public Finance Management Act or of section 68 of this Act must—

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(a) act honestly in all matters relating to the Financial Sector Conduct Authority; and

(b) perform the functions of office as a member—

(i) in good faith;

(ii) for a proper purpose; and

(iii) with the degree of care and diligence that a reasonable person in that person’s position would exercise.

(2) A person who is or has been a person mentioned in subsection (1) must not use the position, or any information obtained because of the position, to—

(a) improperly benefit himself or herself or another person;

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(b) impede the Financial Sector Conduct Authority’s ability to perform its functions; or

(c) cause improper detriment to another person.

(3) For the purposes of this section, “benefit” and “detriment” are not limited to financial benefit or detriment.

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## Regulatory strategy

70. (1) The Executive Committee must, within six months after the date on which this Chapter takes effect, adopt a regulatory strategy for the Financial Sector Conduct Authority to give general guidance in the achievement of its objective and the performance of its regulatory and supervisory functions.

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(2) A regulatory strategy must—

(a) state—

(i) the regulatory and supervisory priorities for the Financial Sector Conduct Authority for the next three years; and

(ii) the intended key outcomes of the strategy;

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(b) set guiding principles for the Financial Sector Conduct Authority on—

(i) how it should perform its regulatory and supervisory functions;

(ii) the matters which it should have regard to in performing those functions;

(iii) its approach to administrative actions; and

(iv) how it should give effect to the requirements applicable to it with respect to—

(aa) transparency;

(bb) openness to consultation; and

(cc) accountability; and

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(c) be aimed at giving effect to section 58.

(3) The Executive Committee must review its regulatory strategy at least annually, and may amend it at any time.

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(5) Komititlaleletso e e tlhomilweng go ya ka karolotlaleletso (1) e tshwanetse go okamelwa ke motho yo o seng Khomisenara, Motlatsakhomisenara kgotsa leloko la badirammogo ba Bothati jwa Boitshvaro jwa Lephata la Ditshelete.

(6) Komititlaleletso e e tlhomilweng go ya ka karolo eno e tlhomamisa tsamaiso ya yona, go tsamaelana le kaelo ya Mokaedikakaretso kgotsa Komitikhuduthamaga, jaaka mabaka a ntse, yo o tlhomileng komititlaleletso.

(7) Khomisenara o tshwanetse go netefatsa gore metso to ya kopano nngwe le nngwe ya komititlaleletso e e tlhomilweng go ya ka karolo eno e tsholwa ka mokgwa o o tlhomamisitsweng ke Komitikhuduthamaga.

## Ditiro tsa Khomisenara, Batlatsakhomisenara le maloko a mangwe a komititlaleletso