| (1) |
The Director-General has those powers and duties— |
| (b) |
delegated to him or her. |
| (2) |
The Director-General may delegate the exercise of any of his or her powers and the performance of any of his or her duties, to— |
| (b) |
the holder of an office in the Department; |
| (d) |
a person who or which is not an organ of State. |
| (3) |
The Director-General may permit a person or organ of State to whom a power or duty has been delegated to delegate that power or duty further. |
| (4) |
A delegation referred to in subsection (1) and the permission referred to in subsection (2)— |
| (b) |
may be subject to conditions; |
| (c) |
must specify the period for which it lasts; |
| (d) |
do not prevent the exercise of the power or the performance of the duty by the Director-General himself or herself. |
(5) The Director-General may withdraw any delegation.
Financial Institutions (Protection of Funds) Act, 2001
