Section 57
of Banking and Financial Institutions Act 1989
ActIn forceProvision 58 of 144
Section 57
(a)
an individual; and
(b)
resident in Malaysia during the period of his appointment.
(2)
Without prejudice to any appointment made before the effective date, a licensed institution shall, before appointing a chief executive pursuant to subsection (1), seek and obtain the Bank's written approval for the proposed appointment.