Financial Sector Regulation Act, 2017 (Act No. 9 of 2017)

Chapter 14 : Ombuds

Part 1 : Ombud Council

189. Duties of Board members

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(1)A member of the Board must—
(a)act honestly in all matters relating to the Ombud Council; and
(b)perform his or her functions 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 the member’s position would exercise.

 

(2)A person who is or was a member of the Board may not use that position, or any information obtained as a member of the Board, to—
(a)improperly benefit himself, herself or another person;
(b)impede the Ombud Council’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.

 

[Section 189 to take effect on 1 April 2020, per Notice No. 1130 of 2019, GG 42677, dated 30 August 2019]