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Currency and Exchanges Act, 1933 (Act 9 of 1933)

Regulations

Exchange Control Regulations, 1961

22E. Delegation of powers

 

(1) The Minister of Finance may delegate to any person any power or function conferred upon the Treasury by any provision of these regulations or assign to any such person a duty imposed thereunder to the Treasury.

 

(2) The Treasury shall not be divested of any power or function or duty delegated to any person under subregulation (1) and may at any time withdraw or amend any decision taken by any such person in the exercise or performance of the power or function or duty in question.