Section 21

in the shoulder note, by substituting for the words

“Commission may establish” the word “Board”;

in subsection (1), by substituting for the words “The

Commission may establish such committee as it considers necessary or expedient to assist it” the words “The

Board may establish such committee, in any form and by whatever name called, as the Board considers fit or necessary to assist the Board”;

by substituting for subsection (2) the following subsection:

“(2)  A Board committee established under subsection (1)

may comprise—

any Board member; and

any other person, as may be appointed by the Board.”;

Securities Commission (Amendment)

by inserting after subsection (2) the following subsections:

“(2a)  In appointing a person under paragraph (2)(b), the Board shall have regard to the person’s integrity, reputation, knowledge, skills and experience, which will enable him to discharge his functions as a member of the Board committee.

The functions of a Board committee established under subsection (1) shall be determined by the Board.”;

and