Statutes section 71

Section 71

In force date not confirmed

71. (1) The Executive Committee may, in writing—

(a) delegate any power or duty of, or delegated to, the Financial Sector Conduct Authority in terms of a financial sector law to the Commissioner or a Deputy Commissioner, except—

(i) the power to delegate contained in this subsection; and

(ii) the powers referred to in section 60(3)(b)(i) to (viii);

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

(2) The Commissioner may, in writing—

(a) delegate any power or duty assigned or delegated to the Commissioner in terms of a financial sector law, except the power to delegate contained in this subsection, to—

(i) a Deputy Commissioner; or

(ii) a staff member of the Financial Sector Conduct Authority; and

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

(3) A Deputy Commissioner may, in writing—

(a) delegate any power or duty delegated to that Deputy Commissioner in terms of a financial sector law, except the power to delegate contained in this subsection, to a staff member of the Financial Sector Conduct Authority; and

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

(4) A delegation in terms of subsection (2)(a)(ii) or (3)(a) may be made to a specified person or to a person holding a specified position.

(5) Any power or duty of the Financial Sector Conduct Authority may be delegated to the Prudential 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.

(6) A delegation made in terms this section—

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

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GOVERNMENT GAZETTE, 22 AUGUST 2017

No. 41060 97

Molao wa Taolo ya Lephata la Ditshelete, 2017

Nmr 9 ya 2017

(4) (a) Pele Komitikhuduthamaga e ka amogela leano la bolaodi kgotsa tlhabololo ya leano la tbolaodi, e tshwanetse go—

(i) tlamela Tona, Bothati jwa Tlhokomelo le Bolaodi jwa Bosetshaba jwa Sekoloto ka kgatiso ya leano kgotsa tlhabololo e e thadilweng; le

(ii) laletsa ditshwaelo go tswa go Tona, Bothati jwa Tlhokomelo le Bolaodi jwa Bosetshaba jwa Sekoloto, ka ga thadiso, tseo di tshwanetseng go dirwa mo pakeng e tsepamisitsweng ke Komitikhuduthamaga.

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

(5) Mo go tseyeng tshwetso ka ga go amogela leano la bolaodi kgotsa tlhabololo ya leano la bolaodi, Komitikhuduthamaga e tshwanetse go tsaya tsia ditshwaelo tsotlhe tse di dirilweng mo thalong.

(6) Fa Tona a dumela, leano la bolaodi la Bothati jwa Boitshvaro jwa Lephata la Ditshelete le amogetsweng le ka tsenyeletswa mo leanong la setlamo go ya ka karolo 52(b) ya Public Finance Management Act.

(7) Komitikhuduthamaga e tshwanetse go isa tlase, go ya ka boemo jo bo kgonagalang e bile bo le maleba, go sa tlhomamang magareng ga leano la bolaodi la Bothati jwa Boitshvaro jwa Lephata la Ditshelete le leano la bolaodi la Bothati jwa Tlhokomelo.

(8) Khomisenara o tshwanetse go—

(a) tlamela Tona, Bothati jwa Tlhokomelo le Bolaodi jwa Bosetshaba jwa Sekoloto ka kgatiso ya leano labolaodi la Bothati jwa Boitshvaro jwa Lephata la Ditshelete; le

(b) phasalatsa leano la bolaodi le tlhabololo nngwe le nngwe.

Ditholelo

71. (1) Komitikhuduthamaga e ka, ka go kwala—

(a) rolela thata nngwe kgotsa tiro ya, kgotsa go rolela go, Bothati jwa Boitshwar o jwa Lephata la Ditshelete go Khomisenara kgotsa Motlatsakhomisenara, ntle le—

(i) thata ya go romeletsa e e tlhagelelang mo karolotaleletsong eno; le

(ii) dithata tse di kailweng mo karolong 60(3)(b)(i) go fitlha go (viii);

(b) rolela go komiti ya tsamaiso ya tiro thata ya go lefisa dikotlhao tsa tsamaiso tse di tsepamisitsweng mo thomeletsong, fa Bothati jwa Boitshwar o jwa Lephata la Ditshelete bo tlhoma komiti ya tsamaiso ya tiro; le

(2) Khomisenara o ka, ka go kwala—

(a) rolela thata kgotsa tiro nngwe le nngwe e e neetsweng kgotsa neetsweng Khomishenara go ya ka molao wa lephata la ditshelete, ntle le thata ya go romeletsa e e tlhagelelang mo karolotaleletsong eno, go—

(i) Motlatsakhomisenara; kgotsa

(ii) leloko la badirimmogo ba Bothati jwa Boitshwar o jwa Lephata la Ditshelete; le

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

(3) Motlatsakhomisenara o ka, ka go kwala—

(a) rolela thata kgotsa tiro nngwe le nngwe e e roletsweng go Motlatsakhomishenara yoo go ya ka molao wa lephata la ditshelete, ntle le thata ya go romeletsa e e tlhagelelang mo karolotaleletsong eno, go leloko la badirimmogo ba Bothati jwa Boitshwar o jwa Lephata la Ditshelete; le

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

(4) Tholelo go ya ka karolotaleletso (2)(a)(ii) kgotsa (3)(a) e ka direlwa motho yo o supilweng kgotsa go motho yo o tshwereng maemo a a tsepameng.

(5) Tholelo kgotsa tiro nngwe ya Bothati jwa Boitshwar o jwa Lephata la Ditshelete e ka rolelwa go Bothati jwa Tlhokomelo ka karolo 77 ya memorantamo wa tumalano go tsamaelana la 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 Boitshwar o jwa Lephata la Ditshelete gore bo fitlhele maikaelelo a jona jaaka a tlhagisitswe mo dikarolong 33 le 57.

(6) Tholelo e e dirilweng go ya ka karolo eno—

(a) e go ya ka ditekanyetso le dipeelo tse di tlhalositsweng mo tholelong eno;

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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 Financial Sector Conduct Authority, the Commissioner or the Deputy Commissioner concerned of responsibility in respect of the delegated power or duty; and

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

(7) Anything done by a delegate in terms of the delegation must be regarded as having been done by the Financial Sector Conduct Authority.

(8) This section does not affect a power under a specific financial sector law to delegate a power of the Financial Sector Conduct Authority.

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