Section 52: Enforcement Committee

52. Enforcement Committee (1) The Board shall set up an internal committee which shall be known as the Enforcement Committee. (2) The Enforcement Committee shall consist of— (a) 2 members to be appointed every year by the Board; (b) not more than 2 employees being of a grade not lower than Executive and not involved in investigations of the licensee under section 44, designated by the Board; (c) such other person having the necessary expertise as may be coopted by the Enforcement Committee. F10 – 35 [Issue 6] Financial Services Act (3) The Enforcement Committee may exercise the disciplinary powers of the Commission under section 7 (1) (c) to impose an administrative sanction on a licensee. (4) The Enforcement Committee shall have such other functions as may be conferred upon it under the relevant Acts. (5) The members of the Enforcement Committee shall be appointed on such terms and conditions as the Board may determine.