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Part 2 · Governance of Regulated Institutions

18. Separation of roles

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A regulated institution must not appoint any of the following persons as the chairperson of the board of directors:

(a)

any of its executive directors;

(b)

any person who is a member of the immediate family of the chief executive officer of the regulated institution.

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Part 3

Revocation and Saving and Transitional Provision