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

Chapter 3 : Prudential Authority

Part 2 : Governance

37. Role of Chief Executive Officer
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(1)The Chief Executive Officer—
(a)is responsible for the day-to-day management and administration of the Prudential Authority; and
(b)subject to section 42(b), must perform the functions of the Prudential Authority, including exercising the powers and carrying out the duties associated with those functions.

 

(2)When acting in terms of subsection (1), the Chief Executive Officer must implement the policies and strategies adopted by the Prudential Committee.