The requirements dealing with the registration of administrators are principally contained in Section AU-1.3 (the requirement to be registered) and AU-4 (the conditions to be satisfied for registration to be granted). The registration requirement applies to all those persons carrying on the business of an administrator; the conditions for registration cover matters such as relevant expertise, general suitability, and systems and controls. Registration consists of a basic screening; unlike licensees, registered persons are not subject to continuous on-going supervision.