Part 4

Owners and officers of regulated clubs: suitability etc

Introductory

Part 4: overview and interpretation
26
1
This Part makes provision—
a
requiring notices to be given to the IFR before a person becomes an owner or officer of a regulated club, or where there is a change of circumstances relating to a person’s role as an owner or officer of a regulated club,
b
for the making of determinations by the IFR about the suitability of a person to be an owner or officer of a regulated club, and
c
for action that may or must be taken by the IFR where it determines or is treated as having determined that a person is not suitable to be an owner or officer of a regulated club.
2
Sections 27 to 32 deal with notifications by, and determinations relating to, prospective owners and officers of clubs.
3
Sections 33 to 36—
a
deal with notifications by incumbent owners and officers, and
b
confer a power on the IFR to make determinations relating to the suitability of incumbent owners and officers to continue in their role.
4
Section 37 contains provision about matters to which the IFR must have regard in making determinations under this Part.
5
Sections 38 to 44 make provision about the action that the IFR may or must take where it determines, or is treated as having determined, that a person is not suitable to be an owner or officer of a regulated club, which may include—
a
making an order disqualifying the person from being an owner or officer of a club;
b
giving a direction requiring the person to cease to be an owner or officer of a club;
c
making an order removing the person as an owner of a club.
6
Subsections (7) and (8) apply for the purposes of this Part.
7
An individual meets the “individual ownership fitness criteria” if the individual—
a
has the requisite honesty and integrity, and
b
is financially sound.
8
An individual meets the “officer fitness criteria” if the individual—
a
has the requisite honesty and integrity,
b
has the requisite competence, and
c
is financially sound.