Regulatory Alerts2007-09-07
Added · Updated
Notice 817 Appointment of Directors and Chief Executives
Finance companies must obtain prior written approval from the Authority for the appointment of chief executives, deputy chief executives, chief financial officers, and directors. The Authority evaluates candidates based on fit and proper criteria, and applicants must submit curriculum vitae. Directors, chief executives, and deputy chief executives are responsible for ensuring compliance with relevant laws and establishing sound policies, risk management systems, and internal controls. This notice replaces MAS Notice 817 dated 1 December 1983 and takes effect on 7 September 2007.
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