When determining whether a candidate is suitable to be shortlisted and recommended for appointment as the Commissioner or a Deputy Commissioner, the Shortlisting Panel must, in addition to the appointment criteria in section 61 of the Act, assess whether a candidate has—
[Regulation 11 words preceding paragraph (a) substituted by section 6 of Notice No. 850, GG43581, dated 5 August 2020]
| (a) |
at least 10 years’ experience in a senior or executive position with— |
| (i) |
a regulator (preferably a financial sector regulator); |
| (ii) |
a financial institution; |
| (iii) |
a financial sector industry body; |
| (iv) |
a government department that is responsible for overseeing the regulation of the financial sector; |
| (v) |
an international financial regulatory body; or |
| (vi) |
any two or more of the institutions mentioned in subparagraphs (i) to (v); and |
| (b) |
skills, knowledge and expertise that would reasonably be expected of a person in the position of Commissioner or Deputy Commissioner. |
Protection of Businesses Act, 1978
