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

Chapter 4 : Financial Sector Conduct Authority

Part 2 : Governance

62. Roles of Commissioner and Deputy Commissioners
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(1)The Commissioner—
(a)is responsible for the day-to-day management and administration of the Financial Sector Conduct Authority; and
(b)subject to section 60(3)(b), must perform the functions of the Financial Sector Conduct Authority, including exercising the powers and carrying out the duties associated with those functions.

 

(2)The roles of the Deputy Commissioners are determined by the Executive Committee.

 

(3)When acting in terms of subsection (1) or (2), the Commissioner or a Deputy Commissioner must implement the policies and strategies adopted by the Executive Committee.