SADC Financial Regulations Effective 1 April 2013 Regulation  11  –  Fiduciary  duties  of  Management  and  SADC  Officials     1. Management of the SADC Secretariat and other officers on the basis of delegation exercising financial management responsibilities shall take all reasonable steps within their respective areas of responsibility to ensure: a) that the system of financial management and internal control established for SADC is carried out diligently; b) that the financial and other resources of SADC are utilised effectively, efficiently, economically and transparently; c) that any unauthorised, irregular or fruitless and wasteful expenditure and any other losses are prevented; d) that all revenue due to SADC is collected and duly accounted for; e) that the assets and liabilities of SADC are managed effectively and that assets are safeguarded and maintained to the extent necessary, and f) that all information required by the Accounting Officer for compliance with the Financial Regulations is timeously submitted to the Accounting Officer. Page 23 of 100