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      <description>Regulation 9 requires GIC Units and specified persons to be fit and proper at all times, defined by fairness, integrity, financial integrity, reputation and honesty, and lists disqualifications such as convictions for moral turpitude or economic offences, pending charge sheets or framed charges, recovery proceedings, malfeasance orders, insolvency or wilful defaulter status, prohibitory regulatory orders affecting financial services, findings of unsound mind, and other disqualifications as specified by the Authority.</description>
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