Financial Services Board Act, 1990 (Act No. 97 of 1990)4. Constitution of board |
| (1) | The board shall be governed by so many members as the Minister may deem necessary and appoint, with due regard to the interests of the users of financial services and the suppliers of financial services, including financial intermediaries, and the public interest. |
| (2) | The Minister may appoint an alternate member for every member of the board. |
| (3) | The Minister shall appoint a member of the board as the chairperson and another member as the deputy chairperson. |
| (4) | If the chairperson is absent or is for any reason unable to act as chairperson the deputy chairperson shall perform the functions of the chairperson. |
[Section 4 substituted by section 3 of Act No. 12 of 2000]