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In forceUpdated to 2 Jan 2025Read it in Bahasa Malaysia
Contents

Part VI · Prudential Requirements

64. Requirements to be chairman, director, chief executive officer or senior officer

(1)

An institution shall not appoint or elect, reappoint or re-elect any person as a chairman, director, chief executive officer or senior officer of the institution, unless such person—

(a)

is an individual;

(b)

is not disqualified under subsection 68(1); and

(c)

has complied with the fit and proper requirements as may be specified by the Bank under section 69.

90

(2)

No person shall accept any appointment or election, reappointment or re-election as a chairman, director, chief executive officer or senior officer of an institution, unless such person—

(a)

is not disqualified under subsection 68(1); and

(b)

has complied with the fit and proper requirements as may be specified by the Bank under section 69.

(3)

Unless the Bank otherwise approves, a chief executive officer of an institution shall have his principal or only place of residence within Malaysia and devote the whole of his professional time to the service of the institution.

Report

Read on from s 65

Part VII

Ownership, Control and Transfer of Business

Read on from Part VII

Part VIII

Financial Groups

Read on from Part VIII

Part VI

Part VI—

Read on from Part VI

Part IX

Business Conduct and Consumer Protection

Read on from Part IX

Part X

Islamic Money Market and Islamic Foreign Exchange Market

Read on from Part X

Part XI

Submission of Document or Information

Read on from Part XI

Part XII

Examination

Read on from Part XII

Part XIII

Directions of Compliance

Read on from Part XIII

Part XIV

Intervention and Remedial Action

Read on from Part XIV

Part XV

Other Powers of Bank

Read on from Part XV

Part XVI

Enforcement and Penalties

Read on from Part XVI

Part XVII

General Provisions

Read on from Part XVII

Part XVIII

Repeal, Savings and Transitional

Read on from Part XVIII

Schedules