Head of Finance and Administration
13(1)Licensing rules must include the following requirements.
(2)A licensed body must at all times have an individual—
(a)who is designated as Head of Finance and Administration, and
(b)whose designation is approved by the licensing authority.
(3)A designation of an individual as Head of Finance and Administration has effect only while the individual—
(a)consents to the designation, and
(b)is not under this Part of this Act disqualified from acting as Head of Finance and Administration of a licensed body.
(4)The licensing authority may approve a person’s designation only if it is satisfied that the person is a fit and proper person to carry out the duties imposed by section 92 in relation to that body.
(5)The licensing authority may approve a person’s designation in the course of determining an application for a licence under section 84.
(6)If the licensing authority is satisfied that the person designated as a licensed body’s Head of Finance and Administration has breached a duty imposed by section 92, it may withdraw its approval of that person’s designation.