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

Chapter 6 : Administrative Actions

Part 1 : Administrative action committees

89. Meetings

 

(1) A meeting of an administrative action committee
(a) is convened by the chairperson of the committee; and
(b) is chaired by the chairperson or, in the chairperson’s absence, by another member designated by the chairperson or the remaining members.

 

(2) An administrative action committee determines its procedures, subject to any directions of the financial sector regulator that established the administrative action committee.

 

(3) The financial sector regulator must ensure that written minutes of each meeting of its administrative action committee are kept in a manner determined by the financial sector regulator.