Consumer Credit Act 2025 · Updated to 31 Dec 2025 · Part II · Consumer Credit Commission
10. Appointment of members of Board
Feedback & supportA person to be appointed as the Executive Chairman or
person
“person” includes an individual, any sole proprietorship, corporation, statutory body, local authority, society, trade union, co-operative society, partnership and any other body, organization, association or group of persons, whether corporate or unincorporate;
Deputy Executive Chairman under paragraphs 9(2)(a) and (b) shall be a person of integrity and impeccable reputation with knowledge of, or experience in business, administration of companies, credit consumer protection, financial or credit products and services, law, economics or accounting.
Deputy Executive Chairman
“Deputy Executive Chairman” means the deputy executive chairman of the Board appointed under section 9;
The Minister, in appointing other members of the Board under paragraph 9(2)(d), shall have regard to—
Minister
“Minister” means the Minister charged with the responsibility for finance;
the person’s probity, personal integrity, financial integrity and reputation;
the person’s competence and capability, including having the relevant knowledge, skills and experience, in fulfilling his responsibilities as a member of the Board; and
the diversity of the Board members in terms of interest, knowledge, skills and experience.