Housing Development Agency Act, 2008
R 385
Financial Sector Regulation Act, 2017 (Act No. 9 of 2017)Chapter 3 : Prudential AuthorityPart 3 : Staff, resources and financial management50. Staff and resources |
| (1) | The Prudential Authority must determine the personnel, accommodation, facilities, use of assets, resources and other services that it requires to function effectively. |
| (2) | The Prudential Authority may— |
| (a) | enter into secondment arrangements in respect of persons; |
| (b) | engage persons on contract otherwise than as employees; |
| (c) | enter into contracts; |
| (d) | acquire or dispose of property; |
| (e) | insure itself against any loss, damage, risk or liability that it may suffer or incur; and |
| (f) | do anything else necessary for the performance of its functions. |
| (3) | The Prudential Authority may not enter into a secondment arrangement in respect of a person, or engage persons on contract, unless the person and the Prudential Authority have agreed in writing on— |
| (a) | the performance measures that will be used to assess that person’s performance; and |
| (b) | the level of performance that must be achieved against those measures. |
