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Financial Advisory and Intermediary Services Act, 2002 (Act No. 37 of 2002)

Chapter VI : Enforcement

Part 1 : Ombud for financial services providers

23. Accountability

 

(1) Despite the provisions of the Public Finance Management Act, 1999 (Act No. 1 of 1999), the board of the Financial Services Board as defined in section 1 of the financial Services Board Act, 1990 (Act No. 97 of 1990), is the accounting authority of the Office.

[Section 23(1) amended by section 193 of Act No. 45 of 2013]

 

(2) The accounting authority must comply with the Public Finance Management Act.

[Section 23(2) amended by section 193 of Act No. 45 of 2013]

 

(3) The records and financial statements mentioned in subsection (2) must be audited by the Auditor-General.