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In forceUpdated to 31 Dec 2025Read it in Bahasa Malaysia
Contents

Part II · Consumer Credit Commission

12. Revocation of appointment and resignation

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(1)

The Minister may, on the recommendation of the Board, at any time, revoke the appointment of a member of the Board for any reasons including the following:

(a)

the member is absent from three consecutive meetings of the Board, in the case of the Executive Chairman, without leave of the Minister and in the case of the Deputy Executive Chairman or other members of the Board, without leave of the Executive Chairman;

(b)

the member fails to comply with his obligations under section 20; or

(c)

the member is disqualified under section 19.

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(2)

The revocation of appointment under subsection (1) shall be supported with a reason in writing.

(3)

Any member of the Board may resign his office by giving a written notice addressed to the Minister.

Report

Read on from s 13

Part III

Functions and Powers of Regulatory and Supervisory Authority

Read on from Part III

Part IV

Advisory Committee

Read on from Part IV

Part V

Licensing and Registration

Read on from Part V

Part VI

Islamic Credit Business

Read on from Part VI

Part VII

Business Conduct for Credit Consumer Protection

Read on from Part VII

Part VIII

Examination and Investigation

Read on from Part VIII

Part IX

Enforcement

Read on from Part IX

Part X

General Provisions

Read on from Part X

Schedules