Labuan Financial Services Authority Act 1996 · s 21

Suggest a correction

Tell us what is wrong in this text. We check every suggestion against the official version before we change anything.

What is wrong?Wrong or mistyped wordsWrong structure or numberingWrong title or detailsText that appears twice

What should change, and whyUp to 2,000 characters.The text as it should read (optional)

21.
Appeal against decision of disciplinary committee
(1) A decision of the disciplinary committee under paragraph 20(2)(a) shall be appealable to the Minister.
(2)
 A decision of the disciplinary committee under paragraph 20(2)(b) shall be appealable to the Disciplinary Appeal Board which shall consist of the following members:
(a)
the Chairman of the Authority, who shall be the chairman of the Disciplinary Appeal Board and having a casting vote; and
(b)
three members of the Authority, not being members of the disciplinary committee whose decision is the subject matter of the appeal, to be appointed by the chairman of the Disciplinary Appeal Board with the approval of the
Authority for the purpose of the appeal.
(3)
 The Minister or the Disciplinary Appeal Board, as the case may be, may confirm, reverse or vary the decision of the disciplinary committee.
(4)
 When the Disciplinary Appeal Board considers an appeal under subsection (2), a member of the disciplinary committee against whose decision the appeal is made who is also a member of the
Authority shall not be present or in any way participate in any proceedings relating to that appeal.
(5)
 The decision of the Minister or the Disciplinary Appeal
Board under subsection (3) shall be final and conclusive.

Labuan Financial Services Authority                           25

Edit the text above. Up to 20,000 characters.Where you checked it (optional)A link to the official version, if you have one.

The text as we hold it

Open the official text

s 21Appeal against decision of disciplinary committee

(1)

A decision of the disciplinary committee under paragraph 20(2)(a) shall be appealable to the Minister.

(2)

A decision of the disciplinary committee under paragraph 20(2)(b) shall be appealable to the Disciplinary Appeal Board which shall consist of the following members:

(a)

the Chairman of the Authority, who shall be the chairman of the Disciplinary Appeal Board and having a casting vote; and

(b)

three members of the Authority, not being members of the disciplinary committee whose decision is the subject matter of the appeal, to be appointed by the chairman of the Disciplinary Appeal Board with the approval of the

Authority for the purpose of the appeal.

(3)

The Minister or the Disciplinary Appeal Board, as the case may be, may confirm, reverse or vary the decision of the disciplinary committee.

(4)

When the Disciplinary Appeal Board considers an appeal under subsection (2), a member of the disciplinary committee against whose decision the appeal is made who is also a member of the

Authority shall not be present or in any way participate in any proceedings relating to that appeal.

(5)

The decision of the Minister or the Disciplinary Appeal

Board under subsection (3) shall be final and conclusive.

Labuan Financial Services Authority 25