Singapore legislation
Regulation 12
Regulation 12
Mandatory induction course for appointed officers
Subregulation 1
Every chief executive officer or chief financial officer of a credit society, and every chief investment officer of a credit society mentioned in rule 7(1), must, within one year starting on the date of his or her appointment to that office, complete the mandatory induction course applicable to that office.
Subregulation 2
A chief executive officer, chief financial officer or chief investment officer who contravenes paragraph (1) is not eligible to remain in that office after the end of the one‑year period mentioned in that paragraph.