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Section 7: Delegation of powers

Securities Act · PART II: THE COMMISSION

consolidated text (as at 2018, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.

7. Delegation of powers (1) The Commission may delegate to the Chief Executive such powers and functions under this Act as may be necessary for the effective administration of this Act, other than the power to make rules. (2) The Chief Executive may delegate any of the delegated powers and functions under subsection (1) to a member of staff of the Commission, other than the power to— (a) order an investigation under section 124; and (b) issue a cease trade order under section 133. [Issue 10] S7 – 10 Revised Laws of Mauritius (3) In performing or exercising powers and functions delegated under subsection (1) or (2), the delegate shall comply with any direction given by the Commission or by the Chief Executive, as the case may be. (4) A delegated power or function, when performed or exercised by the delegate, shall, for the purposes of this Act, be taken to have been performed or exercised by the Commission or by the Chief Executive, as the case may be. (5) A delegation shall not prevent the performance or exercise of the delegated power or function by the Commission or by the Chief Executive, as the case may be.

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