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

Chapter 15 : Financial Services Tribunal

Part 2 : Financial Services Tribunal

222. Staff and resources

 

(1) The Chairperson may, in accordance with applicable law—
(a) for the work of the Tribunal—
(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 the Tribunal against any loss, damage, risk or liability that it may suffer or incur; and
(e) do anything else necessary for the performance of the Tribunal’s functions.

 

(2) The Chairperson 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 Chairperson 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.