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(1) There shall be appointed by the President in accordance with the advice of the Commission given in consultation with the Public Services Commission a Director-General of the Commission who shall be the chief executive of the Commission and shall hold office on such terms and conditions as may be specified in his letter of appointment.

(2) There shall be appointed by the President in accordance with the advice of the Commission given in consultation with the Public Services Commission two Deputy Directors-General of the Commission on such terms and conditions as may be specified in their letters of appointment.

(3) The Deputy Directors-General shall assist the Director-General in the performance of his duties and perform such other functions as the Commission may direct.

(4) There shall be appointed by the President in accordance with the advice of the Commission given in consultation with the Public Services Commission such employees as the Commission may require for the performance of its functions upon such terms and conditions as the appointing authority may determine except that the President may in accordance with article 195(2) of the Constitution delegate his power of appointment of public officers. [As substituted by Securities Industry (Amendment) Act, 2000 (Act 590) s. 3]

(5) Public officers may be transferred or seconded to the Commission.

(6) The Commission may also engage the services of such consultants, advisers and other persons upon such conditions as the Commission may, in consultation with the Secretary determine.