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M E M O - National Treasury

M E M O 13 April 2006 ASSET & LIABILITY management DIVISION (ALM) DELEGATION OF POWERS, DUTIES AND FUNCTIONS, AS WELL AS SIGNING AUTHORITY PURPOSE 1 The purpose of this memorandum is to provide employees in the Asset and Liability management (ALM) Division with: Copies of delegations of powers, duties and functions; and Guidelines regarding signing authority. BACKGROUND 2 Various delegation documents exist both within the National Treasury and the ALM Division. A need has been identified to ensure that all employees are provided with copies. 3 With regard to signing authority it has happened that employees provided approvals under the PFMA that only vests with Parliament and cannot be provided.

m e m o 13 april 2006 asset & liability management division (alm) delegation of powers, duties and functions, as well as signing authority purpose

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