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Committees
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28. (1) The regulator may establish committees—
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(a) to assist and advise the regulator, and
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(b) to perform such functions of the regulator as it may delegate to a committee, other than an enforcement function.
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(2) A committee shall consist of the following members, who shall be appointed by the regulator:
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(a) a chairperson;
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(b) such number of ordinary members as may be determined by the regulator;
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and may include (but shall not consist entirely of) persons who are not members or staff of the regulator.
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(3) When appointing members of a committee, the regulator shall—
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(a) have regard to the range of qualifications and experience necessary for the discharge of the functions of the committee,
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(b) as far as practicable, aim to appoint an equal number of men and women,
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(c) fix each member’s period of membership of the committee, and
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(d) fix the terms of each member’s membership of the committee.
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(4) The regulator shall pay to a member of a committee such allowances and expenses as the regulator, with the consent of the Minister and the Minister for Public Expenditure, National Development Plan Delivery and Reform, may determine.
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(5) The regulator may—
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(a) remove a member of a committee from the committee, and
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(b) dissolve a committee.
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(6) A committee may—
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(a) decide its own procedure and business, subject to any direction of the regulator, and
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(b) act notwithstanding a vacancy in its membership.
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