Financial Sector Regulation Act, 2017 (Act No. 9 of 2017)Chapter 15 : Financial Services TribunalPart 2 : Financial Services Tribunal220. Members of Tribunal |
| (1) | The Tribunal consists of as many members, appointed by the Minister, as the Minister may determine. |
| (2) | The Tribunal members must include— |
| (a) | at least two persons who are retired judges, or are persons with suitable expertise and experience in law; and |
| (b) | at least two other persons with experience or expert knowledge of financial products, financial services, financial instruments, market infrastructures or the financial system. |
| (3) | A person may not be appointed to, or hold office as, a Tribunal member if the person— |
| (a) | is a disqualified person; or |
| (b) | is not a citizen of the Republic or is not ordinarily resident in the Republic. |
| (4) | The Minister must appoint a Tribunal member referred to in subsection (2)(a) as the Chairperson, and may appoint another Tribunal member as Deputy Chairperson. |
| (5) | The Chairperson— |
| (a) | must preside at meetings of the Tribunal; and |
| (b) | is responsible for managing the work of the Tribunal effectively. |
| (6) | The Deputy Chairperson performs the functions of the Chairperson on delegation by the Chairperson, or in the absence of the Chairperson, or if for any reason the office of the Chairperson is vacant. |