1. The Chairman and Members of the Board shall, fulfil the following conditions: a. To possess experience in economic, financial, or banking affairs, or in Capital Markets. b. Not to have been declared bankrupt or insolvent, nor have ceased to pay their debts. c. Not to have been convicted of a felony or a misdemeanour involving moral turpitude or breach of trust, even if rehabilitated. d. Not to be a serving minister within the Federal Government. e. Not to be a Member of the Federal National Council. f. Not to be a member of the Board of Directors, nor holding an executive management position, in any listed entity or its parent, holding, subsidiary, sister, or affiliate company, or of any Licensed Person. g. Not to be serving as an auditor or accountant for any Licensed Person, nor an owner, agent, or partner in any accounting firm. 2. The Cabinet may exempt any person from any of the conditions stipulated in Clause (1) of this Article.
Interpretation and application must be checked against the official text and current version.