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Financial Sector (Collection of Data) (reporting standard) determination No. 7 of 2014 - SRS 520.0 - Responsible Persons Information
Responsible persons information - ExistiResponsible persons information - Existing directors, executive officers and senior managers
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Turn the raw legal text into a practical explanation grounded in Financial Sector (Collection of Data) (reporting standard) determination No. 7 of 2014 - SRS 520.0 - Responsible Persons Information.
Responsible persons information - Existing directors, executive officers and senior managers
Item 1.1 collects all existing responsible persons that are directors, executive officers or senior managers of the RSE licensee at the time of submission of SRF 520.0, or have ceased to be a responsible person during the reporting period.
Unit of measurement: report dates in item 1.1 column 4 and item 1.1 column 13 as DD/MM/YYYY.
| Item 1.1 | Report each responsible person as a separate line in item 1.1. If a responsible person is serving as chairperson on the Board, report that responsible person as director (chair) and director on two separate lines in item 1.1.For each responsible person, report:the title in column 1, the given name(s) in column 2, the family name or surname in column 3, the date of birth in column 4 and the former name(s), if any in column 5;the type of responsible person in column 6. If the type of responsible person reported in column 6 is other executive officer, senior manager or other responsible person, report the position title of the responsible person in column 7; otherwise, leave blank;if the type of responsible person reported in column 6 is other executive officer, senior manager or other responsible person, report a brief description of the main responsibilities of the responsible person in column 8; otherwise, leave blank;the employer in column 9. The employer may be the RSE licensee or may be another entity;if the employer is the RSE licensee or is an associate of the RSE licensee report ‘yes’ in column 10, otherwise report ‘no’;the responsible person status in column 11;if the responsible person has been assessed under the fit and proper policy, report ‘yes’ in column 12. If a person holding a responsible person position on an interim basis has not yet been assessed under the fit and proper policy, report ‘interim’ in column 12; otherwise, report ‘no’;if ‘no longer acting as a responsible person’ is reported in column 11, report the date that an individual ceased to hold the responsible person position in column 13. If the individual has not ceased holding the responsible person position, leave column 13 blank; andthe business phone number in column 14 and business email address in column 15.The types of responsible person are a director, director (Chair), executive officer (CEO), executive officer (CFO), other executive officer, senior manager, secretary or other responsible person. For the purposes of this instruction guide, a reference to ‘a director’ is, in the case of a group of individual trustees, an individual trustee. An alternate director must be reported as a director. Do not include responsible persons who are the RSE auditor or RSE actuary in item 1.1.The types of responsible person status are: ‘changed’, ‘unchanged’ or ‘no longer acting as a responsible person’:if all information about an existing responsible person reported in item 1.1 column 1 to column 10 inclusive, column 12, column 14 and column 15 remains unchanged, report the status as ‘unchanged’;if the existing responsible person is no longer a responsible person, report the status as ‘no longer acting as a responsible person’; andif any information about an existing responsible person reported in item 1.1 column 1 to column 10 inclusive, column 12, column 14 and column 15 has changed, report the status as ‘changed’. |
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