Regulation 3 - CONSTITUTION AND COMPOSITION OF THE COMMITTEE
International Financial Services Centres Authority (Performance Review Committee) Regulations, 2022 Chapter II OPERATION AND FUNCTIONS OF THE PERFORMANCE REVIEW COMMITTEE
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Performance Review Committee composition requires Board-nominated members and independent experts meeting experience, conflict, tenure, vacancy, and resignation conditions.
Performance Review Committee composition requires Board-nominated Authority members and independent experts selected from a Chairperson-approved panel. Independent experts must have relevant skills and experience and no direct and substantial conflict of interest. Persons meeting specified age, insolvency, conviction, incapacity, or unresolved material-conflict disqualifications cannot serve. Members hold office for three years, are subject to a two-year bar on re-nomination after term expiry, and vacancies are filled for the residual term. Resignation requires six weeks' written notice and Board acceptance.
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