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

Chapter 4 : Financial Sector Conduct Authority

Part 3 : Staff and resources

73. Staff and resources

 

(1) The Financial Sector Conduct Authority may, in accordance with applicable law—
(a) for the work of the Financial Sector Conduct Authority—
(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 itself against any loss, damage, risk or liability that it may suffer or incur; and
(e) do anything else necessary for the performance of its functions.

 

(2) The Financial Sector Conduct Authority 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 Authority 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.

 

 


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