Statistics Act, 1999
R 385
Financial Sector Regulation Act, 2017 (Act No. 9 of 2017)Chapter 4 : Financial Sector Conduct AuthorityPart 2 : Governance69. Duties of Commissioner, Deputy Commissioners and other subcommittee members |
| (1) | The Commissioner, each Deputy Commissioner and each member of a subcommittee of the Financial Sector Conduct Authority established as contemplated in section 51(1)(a)(ii) of the Public Finance Management Act or of section 68 of this Act must— |
| (a) | act honestly in all matters relating to the Financial Sector Conduct Authority; and |
| (b) | perform the functions of office as a member— |
| (i) | in good faith; |
| (ii) | for a proper purpose; and |
| (iii) | with the degree of care and diligence that a reasonable person in that person’s position would exercise. |
| (2) | A person who is or has been a person mentioned in subsection (1) must not use the position, or any information obtained because of the position, to— |
| (a) | improperly benefit himself or herself or another person; |
| (b) | impede the Financial Sector Conduct Authority’s ability to perform its functions; or |
| (c) | cause improper detriment to another person. |
| (3) | For the purposes of this section, "benefit" and "detriment" are not limited to financial benefit or detriment. |
