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

Chapter 14 : Ombuds

Part 1 : Ombud Council

180. Appointment of Board members

 

(1) The members of the Board are appointed by the Minister.

 

(2)

(a) The Minister must appoint a member as Chairperson and another member as Deputy Chairperson.
(b) The Commissioner and the Chief Ombud may not be appointed as Chairperson or Deputy Chairperson.

 

(3) The Deputy Chairperson acts as Chairperson when the Chairperson is absent from office or is otherwise unable to perform his or her functions.

 

(4) A person may not be appointed to, or hold office as, a member of the Board if the person is—
(a) an ombud;
(b) a member of the governing body or staff of an ombud scheme;
(c) a member of the staff of the Ombud Council;
(e) not ordinarily resident in the Republic; or
(f) engaged in—
(i) the business of a financial institution; or

 

[Section 180 to take effect on 1 April 2020, per Notice No. 1130 of 2019, GG 42677, dated 30 August 2019]