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

Chapter 15 : Financial Services Tribunal

Part 2 : Financial Services Tribunal

222. Staff and resources

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(1)The Chairperson may, in accordance with applicable law—
(a)for the work of the Tribunal—
(i)appoint persons as employees;
(ii)enter into secondment arrangements; or
(iii)engage persons on contract otherwise than as employees;
(b)enter into contracts;
(c)acquire and dispose of property;
(d)insure the Tribunal against any loss, damage, risk or liability that it may suffer or incur; and
(e)do anything else necessary for the performance of the Tribunal’s functions.

 

(2)The Chairperson may not enter into a secondment arrangement in respect  of a person, or engage persons as employees or on contract, unless the person and the Chairperson have agreed in writing on—
(a)the performance measures that must be used to assess that person’s performance; and
(b)the level of performance that must be achieved against those measures.