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

Chapter 17 : Miscellaneous

Part 2 : Financial Sector Information Register

264. Delegations by Director-General

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(1)The Director-General may, in writing, delegate any power or duty of the Director-General in relation to the Register, except the power of delegation, to a staff member of the National Treasury or any other suitable person, and the Director-General may, at any time, amend or revoke a delegation.

 

(2)A delegation may be to a specified person or to the person holding a specified position.

 

(3)A delegation is subject to the limitations and conditions specified in the delegation.

 

(4)A delegation does not divest the Director-General of responsibility in respect of the delegated power or duty.

 

(5)Anything done by a delegate in accordance with the delegation is taken to be done by the Director-General.