appoint as its chief executive officer an individual who shall —
(i)
be resident in Singapore;
(ii)
be approved by the Authority; and
(iii)
be directly responsible for the conduct of the Service Company; and
(b)
appoint in Singapore at least one underwriter who has at least 6 years’ (or any shorter period as the Authority may allow) experience in underwriting any specialised risk of a type set out in the First Schedule.