Section 8: Functions, duties and powers of the Chairperson

1) The functions, duties and powers of the Chairperson shall be as follows:

(a) To perform such functions as may be necessary for the protection of the interests of investors in securities for the development of the capital market,

(b) To regulate and monitor, or cause to be regulated and monitored, stock exchanges and transactions of securities business persons in order to make transactions in securities strengthened, effective and reliable,

(c) To act as the executive chief of the Board,

(d) To submit such long-term and short-term plans and policies as be necessary to be adopted by the Board for the management of stock exchanges and development of the capital market to the Board for its approval,

(e) To call or cause to be called the meeting of the Board and preside over the same,

(f) To prepare annual programs and budget of the Board and submit the same to the Board for its approval,

(g) To implement or cause to be implemented the decisions made by the Board,

(h) To inspect and supervise the day-to-day business of the Board and perform the functions in accordance with the objectives of the Board,

(i) To appoint the advisers and employees required for the Board as prescribed,

(j) To perform or cause to be performed such other functions as may be entrusted to him or her by the Board

2) The functions, duties and powers of the Chairperson, other than those referred to in sub-section (1), shall be as prescribed.