s 5B Membership disqualification
5B.—(1) In appointing members of the Council, the Minister must have regard to whether the members of the Council will collectively possess the appropriate knowledge, skills and experience for the Council to perform its functions effectively. (2) However, the following individuals are disqualified to be or from being a member of the Council mentioned in section 5(2)(a), (d) or (e):(a) an employee of the Council (other than the Chief Executive Officer); (b) a Judge or judicial officer; (c) an undischarged bankrupt or an individual who has an arrangement with any of his or her creditors; (d) an individual who has been convicted of an offence involving dishonesty, fraud or moral turpitude and has not received a free pardon; (e) an individual who has been sentenced to imprisonment for a term of 6 months or more, and has not received a free pardon; (f) an individual who is —(i) disqualified under section 154(1) of the Companies Act 1967 from acting as a director, or taking part (whether directly or indirectly) in the management, of a company during the period of disqualification in that provision; (ii) disqualified by a court order under section 149(1), 149A(1) or 154(2) of the Companies Act 1967 from being a director, or in any way (whether directly or indirectly) being concerned in, or taking part in, the management, of a company during the period of disqualification in the court order; (iii) disqualified under section 58(1) of the Variable Capital Companies Act 2018 from acting as a director, or taking part (whether directly or indirectly) in the management, of a VCC during the period of disqualification in that provision; or (iv) disqualified by a court order under section 56(1), 57(1) or 58(2) of the Variable Capital Companies Act 2018 from being a director, or in any way (whether directly or indirectly) being concerned in, or taking part in, the management, of a VCC during the period of disqualification in the court order; (g) an individual who lacks capacity in respect of his or her duties as a member, within the meaning of the Mental Capacity Act 2008, or in respect of whom an order is made under section 10 of the Mental Health (Care and Treatment) Act 2008. (3) In this section —“company” has the meaning given by section 4(1) of the Companies Act 1967; “VCC” has the meaning given by section 2(1) of the Variable Capital Companies Act 2018.[Act 3 of 2026 wef 01/08/2026]