Part 2Licensing of deposit takers
Fit and proper requirements
37Further provisions about power to remove
Sections 34 and 35 apply whether or not the director or senior manager is a fit and proper person to hold their position under the licensed deposit taker’s fit and proper policy.
Sections 34 and 35 do not apply to a director of an overseas deposit taker.
Sections 34 and 35 have effect despite any agreement, legislation, or rule of law, or the terms of the constitution of a licensed deposit taker.


