Employee disciplinary penalties distinguish minor and major sanctions while excluding specified employment actions from the definition of penalty. Regulation 79 classifies employee disciplinary sanctions into minor and major penalties for regulatory breaches, negligence, conduct detrimental to the ... Summary
International Financial Services Centres Authority (Employees' Service) Regulations, 2020
Employee disciplinary penalties distinguish minor and major sanctions while excluding specified employment actions from the definition of penalty.
Regulation 79 classifies employee disciplinary sanctions into minor and major penalties for regulatory breaches, negligence, conduct detrimental to the Authority, indiscipline, and misconduct. Minor penalties include censure, withholding promotion or increments, recovery of pecuniary loss, and limited non-cumulative pay reduction. Major penalties include specified pay reduction, reduction in grade, post or service, compulsory retirement, removal, and dismissal. It also excludes specified increment withholding, non-promotion, reversion, employment termination, medical termination, and retirement actions from the meaning of penalty.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.