| (1) | The Chief Executive Officer or any employee duly authorised by the Chief Executive Officer— |
[Words preceding subsection (1)(a) substituted by section 5 of Act No. 19 of 2014]
| (a) | may appoint any suitable employee of the National Credit Regulator, or any other suitable person employed by the State, as an inspector; and |
| (b) | must issue each inspector with a certificate in the prescribed form stating that the person has been appointed as an inspector in terms of this Act. |
| (2) | When an inspector performs any function in terms of section 139 or Chapter 8, the inspector must— |
| (a) | be in possession of a certificate of appointment issued to that inspector in terms of subsection (1); and |
| (b) | show that certificate to any person who— |
| (i) | is affected by the inspector’s actions in terms of this Act; and |
| (ii) | requests to see the certificate. |
| (3) | When exercising powers in terms of this Act, an inspector is a peace officer as defined in section 1 of the Criminal Procedure Act, 1977 (Act No. 51 of 1977), and may exercise the powers conferred on a peace officer by law. |
| (4) | The Chief Executive Officer may appoint or contract with any suitably qualified person to conduct research, audits, inquiries or other investigations on behalf of the National Credit Regulator. |
| (5) | A person appointed in terms of subsection (4) is not an inspector within the meaning of this Act. |
