No person shall be appointed as a member of the Regulator in terms of section 6(2) if he or she –
| a) | has been declared by a court to be mentally ill or disordered; |
| b) | is an unrehabilitated insolvent; |
| c) | has been convicted of an offence committed after the date of commencement of the Constitution, and sentenced to imprisonment without the option of a fine, unless the person has received a grant of amnesty or a presidential pardon before the date of his or her appointment; or |
| d) | is not a South African citizen and is not permanently resident within the Republic. |
