Monetary Authority of Singapore Act 1970 · 2020 Revised Edition · Part 2 · Establishment, Capital Andadministration of Authority
10. Disqualification of directors
Feedback & supportLast amended by an amending law of 2008.
No person may be appointed as or remain a director of the Authority who is a director or salaried official of any financial institution licensed or approved by the Authority under any written law.
director
“director” means a director appointed under section 8(1) and the chairperson and the deputy chairperson of the board;
The President may terminate the appointment of any director appointed under section 8(1) if the director —
resigns his or her office;
has a mental disorder and becomes incapable of managing himself or herself or his or her affairs;
becomes bankrupt or suspends payment to or compounds with his or her creditors;
is convicted of an offence involving dishonesty or fraud or moral turpitude;
is guilty of serious misconduct in relation to his or her duties;
is absent, without leave, from 3 consecutive meetings of the board; or
fails to comply with his or her obligations under section 13.