681Chief executive officer

681 Chief executive officer

681 Chief executive officer

(1) There is to be a chief executive officer of the Regulator.

(2) The chief executive officer is to be appointed by the Board.

(3) The chief executive officer is to be appointed for a period, not more than 5 years, specified in the officer’s instrument of appointment.

(4) The chief executive officer is eligible for re-appointment.

(5) The chief executive officer is taken, while holding that office, to be a member of the staff of the Regulator.