Singapore legislation
Regulation 26B
of Securities and Futures (Organised Markets) Regulations 2018
Regulation 26B
Criteria for approval of chairperson, chief executive officer, director and key persons
For the purposes of section 41C(4) of the Act, the Authority may have regard to the following matters in determining whether to approve or refuse to approve the appointment of a person under section 41C(1) or (2) of the Act:
whether the person is fit and proper to be so appointed;
whether the appointment of the person would be consistent with any applicable written law relating to —
the qualifications for the position; or
the requirements for the composition of the board of directors or any committee of the Singapore recognised market operator;
whether it would be contrary to the interests of the public to approve the appointment of the person.