Effective from Jul 03 2012 - Jul 02 2012
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A finance company board member shall not:
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| | 1. | be a board member in another finance company;
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| | 2. | combine the duty of monitoring finance companies or auditing their accounts with membership in board of directors in the same company;
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| | 3. | have been dismissed, as a disciplinary action, from a senior executive position in a finance institution;
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| | 4. | have been previously declared bankrupt.
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| | 5. | have been convicted of a crime impinging on integrity, unless rehabilitated in accordance with law or as specified under the Regulations.
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1044
