Financial Markets Control Act, 1989 (Act No. 55 of 1989)

13. Delegation of Functions of Executive Committee

Purchase

(a)	subject to such conditions as it may determine, delegate or assign any power or duty conferred upon or assigned to it by or under this Act, to a subcommittee or such person as it deems fit, but shall not thereby be divested or relieved of a power or duty so delegated or assigned; or

(b)	delegate to a disciplinary tribunal to be established in terms of the rules the power to hear and adjudicate any complaint or charge against a member or an officer or employee of a member and, where such tribunal deems it appropriate, to impose any penalty.

[Section 13 substituted by section 9 of Act 55 of 1995]