Independent director data bank registration: mandatory pre-appointment inclusion and renewal, with a required proficiency test or removal. Applicants for appointment as independent directors must apply online to the institute for inclusion in the data bank prior to appointment or within the transitional period; names must be renewed timely and a declaration of compliance filed to the board. Included individuals must pass an online proficiency self-assessment within the prescribed period, subject to specified service and professional exemptions; failure leads to removal, with a restoration procedure available upon payment and conditional passing of the test.