MIR 2.8.3

The Recognised Body shall only give access to or admit to membership a Person who:

(a) is fit and proper and of sufficient good repute;
(b) has a sufficient level of ability, competence and experience, including appropriate standards of conduct for its staff;
(c) where applicable, has adequate organisational arrangements, including financial and technological resources; and
(d) where that Person is a Remote Member, they have been granted a Recognition Order by the Regulator under section 138A of FSMR.