(1) There shall be a Fund Administrator who shall be appointed by the Commission.
(2) In appointing the Fund Administrator, the Commission shall consider candidates who meet the following qualifying criteria—
(a) graduate of an accredited university, or a chartered or certified institute;
(b) knowledge and experience in one or more of the following:
management, finance, accounting, telecommunications or any other related field to ensure adequate performance of the requirements of the position; and
(c) does not have a conflict of interest with regard to the principal functions of the Fund.
(3) A person who fails to disclose a conflict of interest to the Commission shall be liable to have his or her appointment as Fund Administrator summarily terminated without compensation.
(4) Subject to subregulation (5) the Fund Administrator shall be appointed on such terms and conditions as shall be set out in the contract of employment.
(5) The Fund Administrator shall report to the administrative head of the Commission for all personnel and administrative matters, but shall submit his or her recommendations for Fund Project decisions both to the administrative head and to the Commission.