Cap. 600 Art. 6Strategic review.

(1) A strategic review of the operations of the

Authority shall be carried out every five years.

(2) The strategic review shall be conducted by such person or persons as are appointed by the Minister on such terms and conditions as are specified in the instrument of appointment.

(3) The purpose of the strategic review shall be to provide -

(a) an evaluation of the Authority’s performance against key performance indicators;

(b) an assessment of the efficacy, efficiency, and effectiveness of the surveillance and enforcement framework applied in instances where regulatory powers are delegated;

(c) an assessment of the application of methodologies and industry benchmarks introduced to ensure a standardised approach; and

(d) an assessment of de-bureaucratisation measures introduced.

(4) The findings of the strategic review shall be used to update matters such as, but not limited to, the corporate plan and review of instruments of delegation relating to regulatory powers and standards.

(5) Notwithstanding the provisions of sub-articles (1) to (4), the Minister may at any time request an independent review on one or more aspects of the operation of the Authority.