5.—(1) An organisation must not carry on an agency unless it is fit to do so.
(2) An organisation is not fit to carry on an agency unless —
(a)it has given notice to the registration authority of the name, address and position in the organisation of an individual (in these Regulations referred to as “the responsible individual”) who is a director, manager, secretary or other officer of the organisation and is responsible for supervising the management of the agency; and
(b)that individual satisfies the requirements set out in paragraph (3).
(3) The requirements are —
(a)he or she is of suitable integrity and good character to carry on the agency;
(b)he or she is physically and mentally fit to carry on the agency; and
(c)full and satisfactory information or documentation is available in relation to him or her in respect of each of the matters specified in Schedule 2.