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Contents

Part III

20. Appointment of committees and delegation of powers

(1)

Without prejudice to section 13(6), the Authority may appoint, from among its directors or from among other persons who are not directors or both, such number of committees as it may decide for the exercise of the powers of the

Authority.

(2)

The Authority may, under such conditions as it may decide, delegate to any such committee or any director any of the powers of the Authority under this

Order or under any other written law, except the power of delegation conferred by this subsection or by section 13(4) or any other power of delegation provided in this Order and the power to make subsidiary legislation, unless expressly provided under any written law.

(3)

Any power delegated under subsection (2) may be exercised or performed by such committee or director, as the case may be, in the name and on behalf of the Authority.

Report

Part IV

Part VI

Relations with Banks and Financial Institutions

Part VII

Part VIII

General

Schedules