Financial Sector Regulation Act, 2017 (Act No. 9 of 2017)Chapter 4 : Financial Sector Conduct AuthorityPart 3 : Staff and resources73. Staff and resources |
| (1) | The Financial Sector Conduct Authority may, in accordance with applicable law— |
| (a) | for the work of the Financial Sector Conduct Authority— |
| (i) | appoint persons as employees; |
| (ii) | enter into secondment arrangements; or |
| (iii) | engage persons on contract otherwise than as employees; |
| (b) | enter into contracts; |
| (c) | acquire and dispose of property; |
| (d) | insure itself against any loss, damage, risk or liability that it may suffer or incur; and |
| (e) | do anything else necessary for the performance of its functions. |
| (2) | The Financial Sector Conduct Authority may not enter into a secondment arrangement in respect of a person, or engage persons as employees or on contract, unless the person and the Authority have agreed in writing on— |
| (a) | the performance measures that must be used to assess that person’s performance; and |
| (b) | the level of performance that must be achieved against those measures. |