Islamic Financial Services Act 2013 · s 69

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s 69Fit and proper requirements

(1)

Without limiting the generality of section 57 and for the purposes of paragraphs 64(1)(c) and 64(2)(b), the Bank may specify fit and proper requirements to be complied with by a chairman, director, chief executive officer or senior officer of an institution or an Islamic financial adviser ’s representative, which may include minimum criteria relating to—

(a)

probity, personal integrity and reputation;

(b)

competency and capability; and

(c)

financial integrity.

(2)

Where an issue arises as to whether a chairman, director, chief executive officer, senior officer or an Islamic financial adviser’s representative has complied with the fit and proper requirements as specified under subsection (1), the Bank shall have full discretion to determine the issue.

Islamic Financial Services 95