Financial Services Act 2013 s 60
s 60 Fit and proper requirements
(1) Without limiting the generality of section 47 and for the purposes of paragraphs 55(1)(c) and 55(2)(b), the Bank may specify fit and proper requirements to be complied with by a chairman, director, chief executive officer or senior officer of an institution or a financial adviser’s representative, which may include minimum criteria relating to—
(a) probity, personal integrity and reputation;
(b) competency and capability; and
(c) financial integrity.
(2) Where an issue arises as to whether a chairman, director, chief executive officer, senior officer or financial adviser’s representative has complied with the fit and proper requirements as specified under subsection (1), the Bank shall have full discretion to determine the issue.
Malay text (authoritative)
Kehendak layak dan sesuai
(1) Tanpa mengehadkan keluasan seksyen 47 dan bagi maksud perenggan 55(1)(c) dan 55(2)(b), Bank boleh menentukan kehendak layak dan sesuai untuk dipatuhi oleh pengerusi, pengarah, ketua pegawai eksekutif atau pegawai kanan institusi atau wakil penasihat kewangan, yang boleh termasuk kriteria minimum yang berhubungan dengan—
(a) kejujuran, berintegriti dan reputasi;
(b) kecekapan dan kebolehan; dan
(c) integriti kewangan.
(2) Jika suatu perkara berbangkit sama ada pengerusi, pengarah, ketua pegawai eksekutif, pegawai kanan atau wakil penasihat kewangan telah mematuhi kehendak layak dan sesuai sebagaimana yang ditentukan di bawah subseksyen (1), Bank hendaklah mempunyai budi bicara penuh untuk memutuskan perkara itu.
Read this section in the full act → · Open Division 2 →
Find Act 758 on lom.agc.gov.my ↗
Source: Laws of Malaysia, Attorney General's Chambers of Malaysia (lom.agc.gov.my). Not a copy of the Gazette printed by the Government Printer (Interpretation Acts 1948 and 1967, s 61).
