Officers of Service Company
7.  A Service Company shall —
(a)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.