Section 6 Investments and Securities Act 2025

Section 6 of the Investments and Securities Act 2025 is about Duties of the Board. It is under Part II (Establishment of the Governing Board of the Commission) of the Act. It provides as follows:

(1) The Board of the Commission shall —
(a) give strategic direction to the Commission, formulate general policies for the regulation and development of the capital market for the achievement and performance of the functions of the Commission;
(b) approve the audited accounts of the Commission;

(c) appoint auditors for the Commission;
(d) consider and approve the annual budget of the Commission as may be presented to it by the management;

(e) approve the establishment of zonal offices of the Commission;
(f) establish departments to achieve the objectives and the efficient performance of the functions of the Commission under this Act; and
(g) carry out such other activities as are necessary and expedient for the purposes of achieving the objectives of the Commission.

(2) The Board shall consider and approve the duties of the full time Commissioners on the recommendation of the Director-General.

(3) The Board may also approve the reassignment of the full time Commissioners by the Director-General.