Section 5(1)(e) in The Pension Fund Regulatory and Development Authority (Point of Presence) Regulations, 2018
(e)absence of convictions, restraint orders or imposition of any major penalty, by any financial sector regulator or by a court of law, in any of the preceding five years for any offence involving moral turpitude, economic offences, violation of any securities or banking law or fraud by the entity or any of its principal officers;