• GEN 5.7.3 GEN 5.7.3

    An individual shall only be approved to carry on one or more Recognised Functions if the Authorised Person is satisfied that the individual is fit and proper to be a Recognised Person. In making this assessment, the Authorised Person must consider:

    (a) the individual's integrity;
    (b) the individual's competence and capability;
    (c) the individual's financial soundness;
    (d) the individual's proposed role within the Authorised Person; and
    (e) any other relevant matters.

    • Guidance

      Authorised Persons may refer to the GPM for more detail as to how these requirements may be interpreted.