Part V Performance of Regulated Activities
Approval
F160AVetting of candidates by F2relevant authorised persons
(1)
Before F3a relevant F3an authorised person may make an application for a regulator's approval under section 59, the authorised person must be satisfied that the person in respect of whom the application is made (“the candidate”) is a fit and proper person to perform the function to which the application relates.
(2)
In deciding that question, the authorised person must have regard, in particular, to whether the candidate, or any person who may perform a function on the candidate's behalf—
(a)
has obtained a qualification,
(b)
has undergone, or is undergoing, training,
(c)
possesses a level of competence, or
(d)
has the personal characteristics,
required by general rules made by the regulator in relation to persons performing functions of the kind to which the application relates.
(3)
F4For the meaning of “relevant authorised person”, see section 71A.