(1) The Board shall by general order, constitute with effect from such date as may be specified therein, a Commission to be called the 'Fun d Trustee and Advisory Commission'
(2) The Commission shall comprise of not less than three and not more than five members including a Chairperson.
(3) The term of office of the Commission shall be for a period of two years.
(4) The members shall hold office at their pleasure and shall not be removed by Government or the Board except on grounds of conviction on any criminal charges involving moral turpitude or corruption by a court of law.
(5) The members shall be experts with proven experience at the national or international levels in any of the fields of banking, financial regulation, financial markets, administration or economics.
(6) The Board shall nominate one of the members as the Chairperson of the Commission.
(7) The members of the Fund Trustee and Advisory Commission may, with the permission of the Chairperson, attend the meeting through video conferencing.
(8) The Commission shall meet once before September and February of each financial year and as many times, as it deems fit for carrying out its functions.
(9) The Chief Executive Officer shall be the Secretary to the Commission.