Obligations of RSE licensees — fitness aObligations of RSE licensees — fitness and propriety

Obligations of RSE licensees – fitness and propriety

11. An RSE licensee must ensure that its RSE auditor:

(a) is not disqualified under section 130D of the SIS Act;

(b) satisfies the eligibility criteria in Prudential Standard SPS 520 Fit and Proper (SPS 520) as applicable to an RSE auditor;

(c) is a fit and proper person in accordance with the RSE licensee’s Fit and Proper Policy as required by SPS 520, including those requirements that apply specifically to the RSE auditor; and

(d) satisfies the auditor independence requirements in Prudential Standard SPS 510 Governance.