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28. Disqualification to act as a compliance officer (1) A person shall not act as a compliance officer if- (a) he is an undischarged bankrupt; or (b) he is disqualified to act as a director or secretary under the companies Act 1965. (2) A person who fails to comply with subsection (1) commits an offence and shall, on conviction, be liable to a fine not exceeding two hundred and fifty thousand ringgit or to imprisonment for a term not exceeding three years or to both.
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