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Chapter 5
Chief executive
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Appointment
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33. (1) The regulator shall, with the approval of the Minister, appoint a chief executive officer of the regulator (the “chief executive”) who shall be responsible to the regulator for the performance of the chief executive’s functions and the implementation of the regulator’s policies.
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(2) The regulator may remove the chief executive with the approval of the Minister and shall state its reasons for doing so in writing.
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(3) The chief executive shall upon appointment be a civil servant (within the meaning of the Civil Service Regulation Acts 1956 to 2005) in the Civil Service of the State (subject to subsections (1) and (2)).
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(4) Where a competition to appoint the first chief executive is held prior to the establishment day, the Minister may appoint the successful candidate as the chief executive designate and that person shall—
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(a) if holding that office immediately before the establishment day, become the chief executive on the establishment day, and
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(b) continue as chief executive until the regulator appoints another chief executive under subsection (1).
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(5) The chief executive shall—
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(a) hold office—
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(i) under a written contract of service for a period specified in the contract (which contract may be renewed), and
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(ii) on terms and conditions (including those relating to term of office, remuneration and superannuation) specified in the contract, as determined from time to time by the regulator with the approval of the Minister given with the consent of the Minister for Public Expenditure, National Development Plan Delivery and Reform,
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and
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(b) be paid by the regulator.
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(6) The chief executive shall not—
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(a) hold or occupy any paid position or office or carry on any business without the consent of the regulator and the approval of the Minister, or
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(b) for 12 months after leaving office, hold or occupy any position, office or consultancy in which information acquired in the performance of the chief executive’s functions is likely to be relevant or useful, other than a position or office in the Civil Service or a public authority, or acting as a consultant to the regulator or a Minister of the Government.
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