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As a transitional measure and to ensure a seamless transition to the FSCA, the Minister has determined that the current FSB Executive Committee will stay on to assist with the creation of the FSCA and disestablishment of the FSB. The Minister has further determined that the Chairperson of the current FSB Board, Mr Abel Sithole will be caretaking as the FSCA Commissioner until the new Commissioner is appointed. The Executive Committee and the Chairperson will be assisted by Ms Katherine Gibson from National Treasury who together with the Exco and the Chairman, will be acting as the Transitional Management Committee of the FSCA from 1 April 2018. Advertisements for the new Commissioner and Deputy Commissioners will be placed in the National press on the 1st of April, shortlisting and appointment will be done in terms of the Transitional Regulations Gazetted on Friday the 29th March.