The Board of Directors of the Commission is constituted under Section 5 of the Financial Services Commission Ordinance 2007 and consists of seven (7) members, two (2) of whom (the Managing Director and the Permanent Secretary of Finance) are ex officio.
The Principal functions of the Board are:
(a) To establish the policies of the Commission and monitor and oversee its implementation;
(b) To monitor and oversee the management of the Commission by the Managing Director to ensure that the resources are utilised economically and efficiently, that internal controls are in place etc.;
(c) To approve the budget and the financial statements and
(d) To appoint the senior officers, except the Managing Director.