Appointment of Deputy Director General

(1) The Commission may, with the approval of the Minister, appoint and employ a suitably qualified person, at such remuneration and subject to such terms and conditions as it thinks fit, as the Deputy Director General of the International Financial Services Commission. (2) The Deputy Director General shall hold office for such period and upon such terms as may be specified in his instrument of appointment. (3) The Deputy Director General shall be an executive officer of the Commission and shall perform and exercise such functions, duties and powers as are conferred upon him by this Act.