AU-2.4 AU-2.4 Condition 4: Board and Employees
AU-2.4.1
In accordance with Article 65(a) of the CBB law, those nominated to carry out
controlled functions must satisfy CBB'sapproved person's requirements.May 2011AU-2.4.2
The definition of
controlled functions is contained in Paragraph AU-1.2.2, whilst Chapter AU-3 sets out CBB'sapproved persons requirements. Applications forapproved person status must be submitted using the prescribedapproved persons form.May 2011AU-2.4.3
The
licensee's staff, taken together, must collectively provide a sufficient range of skills and experience to manage the affairs of thelicensee in a sound and prudent manner.Licensees must ensure their employees meet any training and competency requirements specified by the CBB.May 2011AU-2.4.4
[This Paragraph was deleted in January 2016.]
Deleted: January 2016
May 2011