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The Minister of Finance has, in terms of Regulation 3(1)(d) of Financial Sector Regulations, 2018 (as amended) that were made in terms of sections 61(4), 288 and 304 of the Financial Sector Regulation Act No. 9 of 2017, appointed Mr Olano Makhubela to perform the functions of the Commissioner of the Financial Sector Conduct Authority (FSCA) for a period of three months, effective from 6 November 2020 to 5 February 2021. Mr Makhubela is currently the Divisional Executive for Retirement Funds Supervision at the FSCA, and will continue with these responsibilities.
Whilst the process for the appointment of Commissioner and Deputy Commissioners of the FSCA is in progress, the Commissioner position will be rotated between members of the Transitional Management Committee (TMC) for a period of three months each.