70. Cessation from office

becomes disqualified under subsection 68(1); or

no longer complies with any of the fit and proper requirements as may be specified by the Bank under section 69, such chairman, director, chief executive officer, senior officer or Islamic financial adviser’s representative shall immediately cease to hold office and act in such capacity.

in the case of paragraph (1)(a), terminate the appointment of such chairman, director, chief executive officer, senior officer or Islamic financial adviser ’s representative; or

in the case of paragraph (1)(b), remove such chairman, director, chief executive officer, senior officer or Islamic financial adviser ’s representative from such office.