• Chapter 5 Chapter 5 Licencee's Staff

    • Article (65) Staff of a Licencee

      (a) A Licencee must obtain a prior approval from the Central Bank for any nominees to the membership of the board or for any executive post. The Governor shall issue the terms and conditions for obtaining such approval.
      (b) The Central Bank may determine the standard levels of qualifications, experience and training of licencee's officers and employees.
      (c) If it becomes evident to the Central Bank that a licencee is employing any official, as a board member or in an executive position, who is not qualified or unsuitable for the assigned job, the licencee shall promptly, after due notification, stop such official from assuming the responsibilities of such a job.