Cap. 618 Art. 29Powers of the Authority.

(1) Without prejudice to the powers of the Authority under this or any other Act or any regulations issued thereunder, the Authority may, where it deems necessary, appoint a person to carry out, in part or in whole, the obligations of the transferring institution under this Act or any regulations issued thereunder.

(2) Any person appointed in terms of sub-article (1) shall have all the rights and powers of the transferring institution necessary for the purposes of his appointment.

(3) The Authority shall fix the remuneration that shall be paid by the relevant transferring institution to any person appointed under sub-article (1).