Singapore legislation

Regulation 10

Qualifications and experience for chief financial officer

Subregulation 1

An individual is eligible to be the chief financial officer of a small credit society if the individual —

(a)

is a salaried employee, or a member (other than the chairman) of the committee of management, of that credit society;

(b)

has at least 2 years of work experience in performing accounting, audit, business or financial duties in any organisation; and

(c)

has at least a tertiary qualification in accountancy, business, economics or finance.

An individual is eligible to be the chief financial officer of a medium credit society if the individual —

(a)

is a salaried employee, or a member (other than the chairman) of the committee of management, of that credit society;

(b)

has at least 3 years of work experience in performing accounting, audit, business or financial duties in any organisation; and

(c)

has at least a tertiary qualification in accountancy, business, economics or finance.

An individual is eligible to be the chief financial officer of a large credit society if the individual —

(a)

is a salaried employee, whether or not also a member (other than the chairman) of the committee of management, of that credit society;

(b)

has at least 3 years of work experience in performing accounting, audit, business or financial duties in any organisation; and

(c)

has at least a higher tertiary qualification, or a professional certification, in accountancy, business, economics or finance.