Section 20
Disciplinary committees
of Labuan Financial Services Authority Act 1996
(2)
For the purposes of this section—
(a)
there shall be established a disciplinary committee of the
Authority in respect of the Director General consisting of—
(i)
the Chairman, who shall be the chairman of the committee; and
(ii)
at least two members of the Authority, which shall not include the Director General, as shall be determined among the members themselves; and
(b)
the Authority may, by notification in the Gazette, establish different disciplinary committees for different categories of officers or servants of the Authority.
(3)
The following shall apply to any disciplinary committee established pursuant to paragraph (2)(b):
(a)
such committee shall consist of any number of members of the Authority, other than the Chairman of the
Authority, or officers of the Authority, or any combination of such members and officers; and
(b)
an officer who is a member of a disciplinary committee shall not be lower in rank than any officer or servant over whom the committee of which he is a member has disciplinary authority.
(4)
The committee established pursuant to paragraph (2)(b) shall exercise its powers in all matters relating to the discipline of officers and servants placed under its jurisdiction.
24 Laws of Malaysia ACT 545
(5)
In the exercise of its disciplinary functions and powers, a disciplinary committee referred to under subsection (2) shall have the power to take disciplinary action and impose any disciplinary punishment or any combination of two or more disciplinary punishments as may be provided for under any regulations made under section 22.