Section 62 Investments and Securities Act 2025

Section 62 of the Investments and Securities Act 2025 is about Appointment and removal of chief executive and principal officers of a capital market operator. It is under Part VI (Registration and Regulation of Capital Market Operators) of the Act. It provides as follows:

(1) The appointment of the chief executive and other principal officers of a capital market operator shall be subject to the prior notification and ratification by the Commission.

(2) The Commission may suspend or remove the chief executive or a principal officer of a capital market operator, if it is satisfied that such officer has contravened, failed, or refused to comply with the provisions of this Act or any rules and regulations of the Commission.