Securities Services Act, 2004 (Act No. 36 of 2004)Chapter IX : General ProvisionsEnforcement committee98. Composition of enforcement committee |
| (1) | The board must, on the date that this Act comes into operation, appoint as members of the enforcement committee so many persons as the board may consider necessary: Provided that a minimum of two members are persons qualified in law. |
| (2) | The enforcement committee may, as the need arises and on an ad hoc basis, co-opt one or more persons with appropriate knowledge and experience as additional members of the enforcement committee. |
| (3) | No member of the enforcement committee who was involved in the investigation of a matter or who has an interest in that matter may participate in a decision on that matter by the enforcement committee. |
| (4) | The board must designate from the members of the enforcement committee a chairperson and a deputy chairperson who performs the functions of the chairperson when the office of chairperson is vacant or when the chairperson is unable to perform his or her functions. |
| (5) | The board may at any time reconstitute the enforcement committee but a reconstitution may not affect the membership of a panel referred to in section 100 during the course of proceedings before such panel. |