62. Fit and proper requirements of registered credit service provider

Terms defined in s 4

• Commission

  Commission

  Defined · s 4

  “Commission” means the Consumer Credit Commission established under section 6;

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• controller

  controller

  Defined · s 4

  “controller” means a person as defined in subsection 47(6) or subsection 64(6), as the case may be;

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• credit service provider

  credit service provider

  Defined · s 4

  “credit service provider” means a person who carries on a credit service business where the person— (a) is registered under Part V of this Act; (b) is registered to do so under the Capital Markets and Services Act 2007; or (c) is a permit holder under the Hire-Purchase Act 1967;

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• director

  director

  Defined · s 4

  “director” has the meaning assigned to it in the Companies Act 2016, and includes a reference to a person occupying or acting in the position of a director of a corporation, by whatever name called and whether or not validly appointed to occupy, or duly authorized to act in, such position;

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• senior management

  senior management

  Defined · s 4

  “senior management” means a person appointed by a corporation to manage any part of its business or having authority and responsibility for the credit business, credit service business or business decisions of the corporation, by whatever name called and includes the chief executive and chief financial officer;

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• specify

  specify

  Defined · s 4

  “specify” means to specify in writing in any form including standards or guidelines, and a power to specify includes the power to specify differently for different persons or different classes, categories or descriptions of persons, credit businesses, credit service businesses, credit providers or credit service providers;

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