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

Chapter 5 : Co-operation and Collaboration

Part 2 : Financial System Council of Regulators

80. Meetings

 

(1) Meetings of the Financial System Council of Regulators must be held at least twice a year, or more frequently as determined by the Director-General.

 

(2) The Director-General, or an alternate nominated by the Director-General, chairs the meetings of the Financial System Council of Regulators.

 

(3) The Director-General must convene a meeting at the request of a member of the Financial System Council of Regulators.

 

(4) A member of the Financial System Council of Regulators may, with the concurrence of the Director-General, nominate a senior official of the member’s institution to act as an alternate for the member.

 

(5) Meetings of the Financial System Council of Regulators must be conducted in accordance with procedures determined by it.