Officers of administrator
15.—(1)  The administrator shall appoint a chief executive officer who shall be an individual resident in Singapore.
(1A)  The administrator shall not appoint any person as its chief executive officer or a director unless the administrator satisfies the Authority that the person is a fit and proper person to be so appointed and has obtained the approval of the Authority.
(1B)  Where an administrator has obtained the approval of the Authority to appoint a person as its chief executive officer or director under this regulation, the person may be re-appointed as chief executive officer or director, as the case may be, of the administrator immediately upon the expiry of the earlier term without the approval of the Authority.
(2)   In this regulation, “chief executive officer”, in relation to the administrator, means any person by whatever name called, employed by the administrator to be directly responsible for the conduct of the administrator’s dutiesand functions in Singapore.
[S 814/2004 wef 01/01/2005]
[S 665/2010 wef 04/11/2010]