Financial Sector Regulation Act, 2017 (Act No. 9 of 2017)Chapter 3 : Prudential AuthorityPart 2 : Governance38. Term of office of Chief Executive Officer |
| (1) | A person appointed as the Chief Executive Officer— |
| (a) | holds office for a term no longer than five years, as the Governor may determine; |
| (b) | is, at the expiry of that term, eligible for re-appointment for one further term; and |
| (c) | must vacate office before the expiry of a term of office if that person— |
| (i) | resigns as Chief Executive Officer, by giving at least three months written notice to the Governor, or a shorter period that the Governor may accept; |
| (ii) | ceases to hold office as Deputy Governor; or |
| (iii) | is removed from office as Chief Executive Officer. |
| (2) | The Governor must, at least three months before the end of the Chief Executive Officer’s first term of office, inform the Chief Executive Officer whether the Governor proposes to re-appoint the person as Chief Executive Officer. |