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(1) The Board may appoint consultants to carry out any of its functions under this Act.

(2) A consultant appointed under this section may, with the approval of the Board, co-opt other persons to assist in the carrying out of an assigned function.

(3) A person other than an employee of the Corporation co-opted by the Board shall, hold office in accordance with the terms of the letter by which the person is appointed.

(4) A person

(a) appointed by the Board as a consultant, or

(b) co-opted by a consultant under subsection (2), shall disclose any interest in an activity or practice involving a bank or specialised deposit-taking institution.

(5) The appointment of a person who contravenes subsection (4) shall be revoked.

(6) The Chief Executive Officer shall notify the chairperson of the Board of any vacancy resulting from a revocation of appointment under subsection (5).