Section 55A: Financial Stability Committee
consolidated text (as at 2016, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
55A. Financial Stability Committee
(1) There is set up a Financial Stability Committee which shall consist of—
(a) the Minister, who shall be the Chairperson of the committee;
(aa) the Minister to whom responsibility for the subject of financial
services is assigned;
(b) the Governor;
(c) the Financial Secretary; and
(d) the Chief Executive of the Financial Services Commission established under the Financial Services Act.
(e) the Director of the Financial Intelligence Unit appointed under the
Financial Intelligence and Anti-Money Laundering Act.
(2) The functions of the committee shall be to regularly review and
ensure the soundness and stability of the financial system.
(3) The committee shall meet as often as is necessary and shall regulate
its meetings and proceedings in such manner as it may determine.
[S. 55A inserted by s. 4 (c) of Act 14 of 2009 w.e.f. 30 July 2009; amended by s. 2 (i) of Act
27 of 2013 w.e.f. 21 December 2013; s. 2 (j) of Act 18 of 2016 w.e.f. 7 September 2016.]
PART X – RELATIONS WITH GOVERNMENT