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Contents

Part III

22. Head of Internal Audit

( 1)

The Authority shall appoint a person with extensive professional experience in the fields of accounting or auditing to be the Head of Internal Audit.

(2)

Subject to this Order, the Head of Internal Audit shall perform such duties as may be determined by the Authority.

(3)

The conditions of employment, including remuneration, of the Head of

Internal Audit shall be determined by the Authority.

(4)

The Head of Internal Audit shall be appointed for a term of 5 years and may be re-appointed for a further term or terms each of up to 5 years.

(5)

The Authority may remove the Head of Internal Audit only on the grounds specified in the conditions of employment referred to in subsection (3), which shall be limited to the grounds for its termination of the appointment of a director under section l5(2){a} to (dJ.

Report

Part IV

Part VI

Relations with Banks and Financial Institutions

Part VII

Part VIII

General

Schedules