(1) Self-regulatory organisations must make arrangements to ensure that -
(a) their supervisory functions are exercised independently of any of their other functions which do not relate to disciplinary matters;
(b) sensitive information relating to the supervisory functions is appropriately handled within the organisation;
(c) they employ only persons with appropriate qualifications, integrity and professional skills to carry out the supervisory functions;
(d) contravention of a relevant requirement by a relevant person they are responsible for supervising renders that person liable to effective, proportionate and dissuasive disciplinary measures under their rules;
(e) potential conflicts of interest within the organisation are appropriately handled.
(2) Self-regulatory organisations must -
(a) provide adequate resources to carry out the supervisory functions;
(b) appoint a person to monitor and manage the organisation’s compliance with its duties under these Regulations.
(3) The
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