Financial Sector Regulation Act, 2017 (Act No. 9 of 2017)Chapter 15 : Financial Services TribunalPart 2 : Financial Services Tribunal225. Panel list |
| (1) | The Minister must establish and maintain a list of persons who are willing to serve as members of panels of the Tribunal. |
| (2) | The persons included in the panel list must— |
| (a) | have relevant experience in or expert knowledge— |
| (i) | of law; or |
| (ii) | of financial products, financial services, financial instruments, market infrastructures or the financial system; and |
| (b) | be a fit and proper person to be included in the panel list. |
| (3) | A person may not be included in the panel list if the person is a disqualified person. |
| (4) | The Minister may, every five years, publicly invite persons to apply for inclusion in the panel list. |
| (5) | The Chairperson must ensure that the persons included in the panel list have an equal opportunity to be appointed to serve on a panel of the Tribunal. |
| (6) | The Minister— |
| (a) | must remove a person from the panel list— |
| (i) | if the person so requests; or |
| (ii) | if the person becomes a disqualified person; and |
| (b) | may, on recommendation of the Chairperson, remove a person from the panel list if the person— |
| (i) | is unable to act as a panel member for health or other reasons; |
| (ii) | has failed in a material way to discharge any of the responsibilities of a panel member; or |
| (iii) | has acted in a way that is inconsistent with acting as a panel member. |