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

Chapter 14 : Ombuds

Part 1 : Ombud Council

190. Delegations

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(1)The Chief Ombud may, in writing—
(a)delegate any of his or her powers or duties in terms of a financial sector law, except the power to delegate contained in this subsection, to a staff member of the Ombud Council; and
(b)at any time, amend or revoke a delegation made in terms of paragraph (a), subject to any rights that may have accrued.

 

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

 

(3)A delegation in terms this section—
(a)is subject to the limitations and conditions specified in the delegation; and
(b)does not divest the Chief Ombud of responsibility in respect of the delegated power or duty.

 

(4)Anything done by a delegate in terms of the delegation must be regarded as having been done by the Ombud Council.

 

[Section 190 to take effect on 1 April 2020, per Notice No. 1130 of 2019, GG 42677, dated 30 August 2019]