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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) The Ombud is the accounting authority of the Office.

[Section 23(1) to be substituted by section 290, item 17 in Schedule 4, of Act No. 9 of 2017 - to be commenced (paragraph (a)(ii) of Notice 142 of 2019, GG 42314, dated 18 March 2019]

 

(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.