Cap. 330 Art. 12The Enforcement Directorate

(1) It shall be the function of the Enforcement Directorate to:

(a) deal with enforcement:

(i) under the provisions of this Act or any other Act administered by the Authority, or of any regulations or rules made thereunder; or

(ii) in relation to any of the conditions imposed in a licence or other authorisation; or

(iii) in relation to any administrative measure or penalty imposed by the Authority in terms of this Act or any other Act administered by the Authority, or of any regulations or rules made thereunder;

(b) investigate any referrals made to it by any other organ of the Authority;

(c) conduct investigations in relation to any enforcement action;

(d) make recommendations for any enforcement action to the Enforcement Decisions Committee established in article 11;

(e) implement any decision of the Enforcement Decisions Committee, including the making of appropriate arrangements for such purpose;

(f) assist, as applicable, in the conduct of proceedings before the Financial Services Tribunal in relation to such enforcement action;

(g) carry out such other duties as may be assigned to it by the Executive Committee.

(2) The Enforcement Directorate shall, for the purpose of discharging its functions, have all the powers vested in the Authority under this Act or any other Act administered by the Authority.

(3) The Enforcement Directorate shall be composed of the Chief Officer responsible for enforcement, and such number of officers and employees as may be required for the proper exercise of its functions.