Malaysia legislation
Section 10
of Act 627
Section 10
(a)
that person would be disqualified from being appointed a director under subsection 9(1);
(b)
that person is not available for full time employment; or
(c)
that person is carrying on any other business or vocation except as a non-executive director or shareholder of another company.
(2)
No person shall accept an appointment as chief executive officer of an operator of a designated payment system, and no such operator shall appoint a person as chief executive officer of such operator, if that person is disqualified under subsection (1).
(3)
An operator of a designated payment system shall appoint a chief executive officer who shall be—
(a)
an individual; and
(b)
resident in Malaysia during the period of his appointment.
Exceptions