Financial Sector Regulation Act, 2017 (Act No. 9 of 2017)Chapter 5 : Co-operation and CollaborationPart 2 : Financial System Council of Regulators79. Financial System Council of Regulators |
| (1) | The Financial System Council of Regulators is hereby established. |
| (2) | The objective of the Financial System Council of Regulators is to facilitate co-operation and collaboration, and, where appropriate, consistency of action, between the institutions represented on the Financial System Council of Regulators by providing a forum for senior representatives of those institutions to discuss, and inform themselves about, matters of common interest. |
| (3) | The Financial System Council of Regulators must be composed of the following members: |
| (a) | The Director-General; |
| (b) | the Director-General of the Department of Trade and Industry; |
| (c) | the Director-General of the Department of Health; |
| (d) | the Chief Executive Officer; |
| (e) | the Commissioner; |
| (f) | the Chief Executive Officer of the National Credit Regulator; |
| (g) | the Registrar of Medical Schemes; |
| (h) | the Director of the Financial Intelligence Centre; |
| (i) | the Commissioner of the National Consumer Commission; |
| (j) | the Commissioner of the Competition Commission; |
| (k) | the Deputy Governor responsible for financial stability matters; and |
| (l) | the head, however described, of any organ of state or other organisation that the Minister may determine. |