If a senior management function falls vacant, licensees must ensure that pending the appointment of a replacement, interim arrangements are made to ensure continuity of the duties. The licensee must take reasonable care to ensure that any person temporarily filling the senior management position is suitably qualified, experienced, and capable of performing the role’s responsibilities effectively during the interim period. These requirements must be included in licensee’s policies. The vacant position must be filled, unless agreed with the CBB, with a permanent appointment within 180 days of the vacancy occurring.