Singapore legislation
Regulation 11
Regulation 11
Minimum number of key appointment holders
Subregulation 1
For the purposes of section 17(1) of the Act, the minimum number of key appointment holders to be appointed by the licensee to manage and supervise the business of a licensable SRH is 3.
Subregulation 2
Where —
an approved individual (A) ceases to be appointed as a key appointment holder for a licensee, including by reason of the Director‑General cancelling or suspending A’s approval under section 33 or 35 of the Act; and
the cessation results in the number of key appointment holders appointed by the licensee falling below the minimum number mentioned in paragraph (1),the licensee must submit an application for the approval of another individual as a key appointment holder within 14 days after the date of cessation of A’s appointment.