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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 October 2010 - onwards
Version 2 of 2

33Y. Appointment of acting Registrar of Credit Unions in certain cases.

 

(1) The Governor, with the consent of the Commission, may, from time to time, appoint a qualified person to act in the office of Registrar -

(a) during the illness or absence of the holder of that office, or

(b) while the holder is suspended from office, or

(c) during a vacancy in that office.

A person so appointed has, while acting as Registrar, all the responsibilities and powers of that office.

(2) If a person is to be appointed under this section for a period of more than 6 months, the appointment does not take effect until the Minister approves it.

(3) Bank may, at any time, remove from office a person who is appointed under this section as Registrar.

(4) A person appointed under this section is entitled to be paid such remuneration (including travelling and subsistence allowances) as the Bank determines from time to time.

(5) A person is a qualified person for the purposes of this section if the person is an employee of the Bank.