sch.2-sec.16Particular conditions for AIS approval holder requiring nominee

sch.2-sec.16 Particular conditions for AIS approval holder requiring nominee

This section applies to a holder of an AIS approval that is required to have a nominee under section 99 . The holder of the AIS approval must— continue to have a nominee; and ensure the nominee continues to hold a position in which the person is charged with responsibility for the conduct of the holder’s business at the fixed AIS to which the AIS approval relates. The holder of the AIS approval must ensure the nominee for the holder successfully completes any training course approved for a nominee under section 106A within the completion period for the training course. Subsection (3) applies whether the training course was notified under section 106A (5) before or after the AIS approval was last renewed. sch 2 s 16 ins 2024 SL No. 224 s 19 (sch.2-sec.16-ssec.1) This section applies to a holder of an AIS approval that is required to have a nominee under section 99 . (sch.2-sec.16-ssec.2) The holder of the AIS approval must— continue to have a nominee; and ensure the nominee continues to hold a position in which the person is charged with responsibility for the conduct of the holder’s business at the fixed AIS to which the AIS approval relates. (sch.2-sec.16-ssec.3) The holder of the AIS approval must ensure the nominee for the holder successfully completes any training course approved for a nominee under section 106A within the completion period for the training course. (sch.2-sec.16-ssec.4) Subsection (3) applies whether the training course was notified under section 106A (5) before or after the AIS approval was last renewed.

• (a) continue to have a nominee; and
• (b) ensure the nominee continues to hold a position in which the person is charged with responsibility for the conduct of the holder’s business at the fixed AIS to which the AIS approval relates.