2.1.1. Appointments to be filled by Approved Individuals

(1) Subject to (2) an Authorised Person, must make the following appointments and ensure that they are held by one or more Approved Individuals at all times:

(a) Senior Executive Officer;

(b) Finance Officer; 

(c) Compliance Officer; and

(d) Money Laundering Reporting Officer

(2) For an Authorised Person Operating a Representative Office the mandatory appointments in (1) may be carried on by its Principal Representative.

(3) An Authorised Firm which is a Credit Rating Agency;

(a) need to make an appointments referred to in (1)(b) and (d); and

(b) must ensure that the appointments referred to in 1(a) and (c) are held by different Approved Individuals at all times. 

2.1.2. Appointments to be filled by Approved Individuals or Designated Individuals

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