MAE-5.3.4 [Version from 1 October 2008 to 31 March 2016]
The CBB may have regard to the following matters in determining whether to approve or refuse to approve the appointment of a
(a) Whether the person is fit and proper to be so appointed;
(b) Whether the appointment of the person would be consistent with any applicable law relating to the qualifications for the position or the requirements for the composition of the board of directors or any committee of the licensed exchange ; and
(c) Whether it would be contrary to the interests of the public to approve the appointment of the person .