Financial Sector Regulation Act, 2017 (Act No. 9 of 2017)Chapter 3 : Prudential AuthorityPart 2 : Governance36. Appointment of Chief Executive Officer |
| (1) | The Governor must, with the concurrence of the Minister, appoint a Deputy Governor who has appropriate expertise in the financial sector, other than the Deputy Governor responsible for financial stability, as the Chief Executive Officer of the Prudential Authority. |
| (2) | When appointing a Deputy Governor as the Chief Executive Officer, that Deputy Governor and the Governor must agree, in writing, on— |
| (a) | the performance measures that will be used to assess the Deputy Governor’s performance as the Chief Executive Officer; and |
| (b) | the level of performance to be achieved against those performance measures. |
| (3) | A person may not be appointed or hold office as the Chief Executive Officer if the person— |
| (a) | is a disqualified person; or |
| (b) | is not ordinarily resident in the Republic. |