(1) The members of the management body of a data reporting services provider shall satisfy the Bank that they -
(a) are of good repute,
(b) possess sufficient knowledge, skills and experience, and
(c) commit sufficient time to perform their duties.
(2) A data reporting services provider shall ensure that the members of its management body possess adequate collective knowledge, skills and experience to be able to understand the activities of the data reporting services provider.
(3) A data reporting services provider shall ensure that each member of its management body acts with honesty, integrity and independence of mind to effectively challenge the decisions of the senior management where necessary and to effectively oversee and monitor decision-making where necessary.
(4) Where a market operator seeks authorisation to operate an APA, a CTP or an ARM and the members of the management body of the APA, the CTP or the ARM are the same as the members of the management body of the reg