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

Chapter 3 : Prudential Authority

Purchase

(a)	generally oversee the management and administration of the Prudential Authority to ensure that it is efficient and effective; and

(b)	act for the Prudential Authority in the following matters:

(i)	Authorising the Chief Executive Officer to sign, on behalf of the Prudential Authority, a section 27 or section 77 memorandum of understanding and any amendment to such a memorandum;

(ii)	delegating powers of the Prudential Authority to the Financial Sector Conduct Authority in terms of a section 77 memorandum of understanding;

(iii)

adopting the regulatory strategy of the Prudential Authority, and any amendment to the strategy;

(iv)	adopting the administrative action procedures of the Prudential Authority, and any amendment to those procedures;

(v)	appointing members of subcommittees of the Prudential Authority required or permitted by a law, and giving directions regarding the conduct of the work of any subcommittee;

(vi)	making prudential standards, joint standards and other regulatory instruments in terms of financial sector laws;

(vii)

making determinations of fees in terms of financial sector laws; and

(viii)

any other matter assigned in terms of a financial sector law to the Prudential Committee.